Economists suppose that there are various
buyers and sellers in the marketplace which means that competition is
everywhere in the market which in turn allowed price to change in reaction to
changes in supply and demand. In Economics, there are some market structures that
describes how each structure compete in a different competitive situation.
Monopoly is one. Monopoly is one of
the market structures whereby there is one producer or seller which means, the
industry is the single business. This market structure prohibits others from
joining the market when a company has a patent or copyright.
Oligopoly is another market
structure where there are chosen few firms that make up an industry. Both market
structures have high barrier entries where competing markets for share are
interdependent as the consequence of market forces.
The answer is d) purchasing reduced fat lattes during the week
Answer:
Debit Credit
Unearned revenue $2,500
($7,500/3)
Revenue $2,500
Explanation:
The following adjusting entry shall be recorded in the accounts of the Biddle and Biddle, on January 31, in respect of revenue earned by it from accounting services:
Debit Credit
Unearned revenue $2,500
($7,500/3)
Revenue $2,500
Hi the answer is 2 cool huh it’s a joke I don’t really know
