All categories

2 years ago

Which market is most likely to be characterized by oligopolistic competition in the united states?

1 answer:

3 0

The market most likely to be characterized by oligopolistic competition in the united states is smartphone service providers.

<h3>What is an oligopolistic competition ?</h3>

An oligopoly is when there are few large firms operating in an industry. This is because there are high barriers to the entry and exit of firms into the industry. The smartphone service provider industry is dominated by five industries due to the high cost and regulations in the industry.

Here are the options to the question:

a) soybeans

b) pens and pencils

c) smartphone service providers

d) men's clothing

e) electrical service to the home

To learn more about oligopolies, please check: brainly.com/question/26130879

#SPJ1

You might be interested in

Which statement indicates the impact of globalization on the African farming community?

svp [43]

The statement that indicates the impact of the Globalization on the African farming community is use of modern methods of farming increased the crop production of the people.

<h3>What is Globalization?</h3>

Globalization is a term which refers to the interconnection and interaction of the economy with that of the world's economy. It involves the exchange of the knowledge, trade, technology and even people.

The complete image of the question is attached below.

The African farmers faced many challenges but still they are graced with a very appropriate soil type, which has been aided by modern irrigation practices, fertilizers.

Many of the international aggro-processing company that set up factory near the village in the hopes of obtaining easy and cheap labor. As a result of these factors, people's crop production has increased dramatically.

Learn more about farming here:

brainly.com/question/12586721

#SPJ1

6 0

2 years ago

Lance Lawn Services reports warranty expense by estimating the amount that eventually will be paid to satisfy warranties on its

kvv77 [185]

Answer:

Warranty liability at 12/31/13 = $2 million.

This means that the balance in the deferred tax asset should be $700,000

(35% x $2,000,000) = $700,000

Before adjustment, the balance in the deferred tax asset is $737,500.

Therefore, the deferred tax asset needs to be reduced (credited) by $37,500.

($700,000 - 737,500) = -37,500

Date Account Title Dr Cr

12-31-13 Tax expense 14,037,500

Deferred tax asset 37,500

Taxes payable (.35 x 40,000,000) 14,000,000

8 0

3 years ago

On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $70,000

Fittoniya [83]

Answer:

December 31, 2022 Bad debts $ 2975

Explanation:

On December 31, 2021, Accounts Receivable $70,000

Allowance for Uncollectible Accounts $1,250

During 2022, Bad Debts $2,675

Allowance for Uncollectible Accounts $5,650 at December 31, 2022

Bad debt expense for 2022 would be

December 31, 2021

Allowance for Uncollectible Accounts $1,250

During 2022, Bad Debts $2,675

Required Adjustment $ 1425

December 31, 2022 Bad debts $ 2975

Allowance for Uncollectible Accounts $5,650 adjusted Balance

Allowance for Uncollectible Accounts Written Off $2,675

Required Adjustment $ 2975

5 0

3 years ago

Read 2 more answers

When preparing the retained earnings statement, the beginning retained earnings balance can always be found a. in the general le

marta [7]

Answer:

a. in the general ledger

Explanation:

When preparing the retained earnings statement, the beginning retained earnings balance can always be found in the general ledger.

5 0

3 years ago

North america eventually outstripped latin america in economic development primarily because?

antoniya [11.8K]

Latin America retained a system of monoculture.

<h3>Reason:</h3>

North America was the most prosperous region of the world, while Latin America was much poorer.
We then discuss a series of hypotheses that can explain these results, including migration, the demography of the American Indian populations, and the various labor systems implemented in the continent.

<h3>What is the system of Monoculture?</h3>

Monoculture farming is a form of agriculture that is based on growing only one type of crop at one time in a specific field.
In contrast, a polyculture system assumes that a field is sown with two or more crops at a time.

To learn more about North America, refer

to brainly.com/question/25689052

#SPJ4

4 0

1 year ago