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Troyanec [42]
1 year ago
6

Which of the market structures has unrestricted entry and exit, many sellers of the product and some ability to set the price?a.

oligopoly. b. perfect competition.
Business
1 answer:
Hoochie [10]1 year ago
5 0

Unrestricted entry and exit, numerous suppliers of the good, and some control over price setting are characteristics of monopolistic competition.

When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals. The price and marketing choices made by the rival companies serve as their points of differentiation. Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and comprises businesses with comparable but distinct product offerings.

Industries with monopolistic competition include those in restaurants, hair salons, household goods, and clothes.

To learn more about Monopolistic competition here

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The prepaid insurance account had a balance of $3,000 at the beginning of the year. The account was debited for $32,500 for prem
Nitella [24]

Answer:

A.  Date   Account Title                 Debit        Credit

                Insurance expense      $30,700

                ($3000+$32500-$4800)

                       Prepaid insurance                  $30,700

B.   Date   Account Title                Debit          Credit

                 Insurance expense     $30,700

                          Prepaid insurance                 $30,700

5 0
3 years ago
Difference between assets and liabilities.
Alinara [238K]

Answer:

see below

Explanation:

Assets are the things a person or a company owns. They are items precious to a business or an individual. Assets are things that can be assigned a monetary value. They are in the form of cash, properties, money market securities, machinery, plants and equipment, intellectual property rights, and many others.

Liabilities are money a  business or person owes others. They are loans, debts, and obligations that need to be paid. Common liabilities include bank loans, unpaid utilities, and creditors such as suppliers.

8 0
2 years ago
Global Blenders sells goods and services that other companies offer but does not provide any organization with the input resourc
Vaselesa [24]

Global Blenders sells goods and services that other companies offer but does not provide any organization with the input resources needed to produce goods and services. Based on this information, we can thus say that Global Blenders is a Distributor not a supplier.

<h3><u>Explanation:</u></h3>

There are three important terms associated with the supply chain management. They are distributors, suppliers and wholesalers. Distributors are those who are directly related with the manufacturers and they represent the manufacturers in some way. Distributors have buying agreements that includes only certain number of members and also they usually cover certain specific areas.

Suppliers are those who provide goods and services to the wholesalers, retailers and also to the distributors. They usually have a very close relation with the distributors and provide them the goods and services they need.Global Blenders sells goods and services but they are not responsible for providing resources for the purpose of producing goods and services. Thus, Global Blenders is a Distributor not a supplier.

5 0
3 years ago
Read 2 more answers
Jan has just found out that she has been appointed to raise and provide the personal care of the children of her best friend in
slava [35]

Jan has just found out that she has been appointed to raise and provide the personal care of the children of her best friend in her will. Jan considered in this will as guardian.

What does guardian do?

A guardian is answerable for an elder or minor ward's personal care, which includes housing and medical care. Guardian make certain that their ward has an area to stay, including the guardian's domestic, with a caretaker, or in an assisted living or full-care facility.

Who's guardian in own family?

A guardian is normally a close blood relative of the kid. this is usually a person who has spent some time with the kid, has some emotional or relational connection to them, and is acquainted with the kid's needs. this will be the kid's grandparent, aunt/uncle, or different relative.

What is a guardian for a kid?

A guardian is a person who has the legal authority to attend to a baby have to whatever appear to the parents. Guardians are answerable for taking all parental choices and can also be chargeable for coping with a toddler's property and inheritance.

Why might a infant want a guardian?

A child guardian will be needed in a toddler matter wherein the pursuits of the kid won't be represented. this may generally occur when the social services are involved in the court cases and there is an problem with the dad and mom potential to appearance after the wishes and interests of the kid.

Learn more about guardian here:- brainly.com/question/27768834

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5 0
1 year ago
I visited the pet store last week and found two kinds of pets for sale: rabbits for $5 and parakeets for $9. If I had $14 to spe
Elan Coil [88]

Answer:

$31

Explanation:

Starting from number 25, number 26 is a possibility, but then you get number 31 which is larger. Then the following numbers all show a possible combination:

<u> N°        9's                 5's </u>

25       0                    5

26

27       3                    0

28       2                    2

29       1                     4

30       0                    6

31        -                    -

32       3                   1

33       2                   3

34       1                    5

35       0                   7

36       4                   0

37       3                   2

38       2                   4

39       1                   6

40       0                  8

41        4                  1

42       3                  3

43       2                  5

44       1                   7

45       0                  9

A pattern starts to show 35-39 ; 40-44 and so on.

5 0
3 years ago
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