Answer: the correct answer is (B) to protect the business of the American cotton growers and manufacturers.
Explanation: Often times, countries have tariffs to imported products to protect native products and to fortify native industries.
Answer: b. 80 percent of the amount reported as cost of goods sold by the subsidiary.
Explanation:
On the <em>consolidated income statement</em>, the amount that should be recorded for cost of goods sold is the amount that corresponds with the sale of the goods away from the company as a whole or rather sales to unaffiliated companies.
As a result of this, only 80% of the amount reported as cost of goods sold would be recorded in the consolidated income statement because it was 80% of the goods were sold to unaffiliated companies.
<u>there is no clear-cut dividing line </u>
The primary difference between oligopoly and monopolistic competition is the relative size and the market control of each firm based on the number of competitors in the market. However, there is no clear-cut dividing line between these two market structures.
