Answer: "B) Difficult entry, C) Mutual interdependence, D) Market control by a few large firms" are other characteristics of this market structure.
Explanation: An oligopoly is a market structure where there are few relevant competitors and each of them has some capacity to influence market variables (such as price and amount of balance).
The Oligopoly characteristics are:
Small group of producers.
Producers can influence the price and market quantity.
They are strategically interdependent speaking.
There are usually barriers to entry for new producers.
The product offered can be interchangeably homogeneous or differentiated.
Answer:
d. Debit Merchandise Inventory $20; credit Cash $20
Explanation:
The journal entry to record the freight charges is shown below:
Merchandise Inventory A/c Dr $20
To Cash A/c $20
(Being the freight charges is paid)
In case of the perpetual inventory system, while recording the freight charges we debited the merchandise inventory instead of freight charges and credited the cash account as cash is gone which decrease the asset side of the balance sheet
Answer:
A. Demand for euros would increase
Explanation:
If there's a huge increase in the number of Americans travelling to Europe, the demand for euros would increase. Euros is the currency spent in Europe. Americans would need to change their dollars for euro. This would increase the demand for euro and the supply of dollars. The value of euros would increase.
I hope my answer helps you.
If the demand for pumpkins goes down, then the supply of pumpkins will decrease
The primitive vs. civilization hope this helps