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2 years ago

If oligopolists engage in collusion and successfully form a cartel, the market outcome is:_________

Business

1 answer:

mojhsa [17]2 years ago

6 0

If oligopolists engage in collusion and successfully form a cartel, the market outcome is the same as a monopoly.

<h3>What is oligopoly?</h3>

Oligopoly markets are markets dominated by a small number of suppliers.

Oligopoly is a form of imperfect competition and is usually described as the competition among a few.

Hence, Oligopoly exists when there are two to ten sellers in a market selling homogeneous or differentiated products.

A good example of an Oligopoly is the cold drinks industry.

They can be found in all countries and across a broad range of sectors.

Some oligopoly markets are competitive, while others are significantly less so, or can at least appear that way.

Some of the most notable oligopolies in the U.S. are in film and television production, recorded music, wireless carriers, and airlines.

To learn more about Oligopoly markets, refer

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So, if you are the manager of a retail store, and the shipments of the products you sell arrive once a week from the central warehouse you need to pull a couple of your workers from inside the store who can unload the shipments. As the truck arrives any time in a day, this creates problem as the workers are not availabe whenever the shipment arrives.

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Hence, options 2 and 3 are correct.

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1 year ago

Roberta wagner drove to westfield to visit a client. she drove 86 miles round-trip. the company will reimburse her $0.29 per mil

coldgirl [10]

The answer is <span>$379.17. </span>

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4 years ago

During the prior fiscal year, Cullumber Corp. signed a long-term noncancellable purchase commitment with its primary supplier to

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Debit Inventory for $1490000, debit Estimated Liability on Purchase Commitments for $290000 and credit Cash for $1780000.

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Double entry accounting requires accounting entries to have two legs. The debit where the receiver is debited, and the credit leg where the giver is credited.

In this case Cullumber Corp made a payment of $1.78 million cash, so cash is credited for this amount.

Actual value of raw materials is $1.49 million, so as it is recieved we debit inventory for $1.49 million.

The balance which is a loss is debited from Estimated liability on purchase commitments.

The balance to be debited from this account is 1.78 million - 1.49 million= $290,000

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3 years ago

On December 15 of the current year, Conrad Accounting Services signed a $40,000 contract with a client to provide bookkeeping se

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Answer:

Which accounting principle would require Conrad Accounting Services to record the bookkeeping revenue in the following year and not the year the cash was received?

E. Revenue recognition principle

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Revenue recognition principle states that one should only record revenue when it has been earned, not when the related cash is collected

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3 years ago