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Sergeu [11.5K]
3 years ago
8

A monopolistically competitive industry is characterized by a. many firms selling products that are similar but not identical. b

. many firms selling identical products. c. a few firms selling products that are similar but not identical. d. a few firms selling highly different products.
Business
1 answer:
UNO [17]3 years ago
7 0

Answer:

A monopolistically competitive industry is characterized by

a. many firms selling products that are similar but not identical.

Explanation:

A monopolistic competition is a form of imperfect competition with many firms operating in the industry.  For such an industry, the goods or services are differentiated, such that one firm's goods or services can easily be associated with the producer.  This is mostly achieved through branding and the use of trademarks.  Each firm, therefore, competes with many other competitors, but they limit their competition by differentiating their products so that consumers would have preference for one against the other, depending on their perceived value.

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Answer:

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Date   Account Titles and Explanation               Debit       Credit

          Accounts receivables                              $44,900

          ($48,000 - $3,100)

          Equipment                                                 $90,000

                 Allowances for uncollectible                               $1,300

                 Barton Capital                                                       $133,600

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(b) Fallows' investment

Date   Account Titles and Explanation               Debit       Credit

          Cash                                                           $28,700

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Sarah just completed her 1040EZ tax return form and double-checked it. Now she should _____.
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Answer:

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Explanation:

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------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

4 0
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That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified
daser333 [38]

The answer is:<span>
"Trial Balance"

The full sentence will be as follow:
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