The three major barriers that can lead to oligopoly are: 1) Many small business owners want to put up small business with same products at the same market. 2) The prices are not competitive enough with regards to its product so the business owners can put its business in a not so competitive market and 3) The market itself has the same product that can lead to a competition if it has big competitors with the same products.
Answer:
A. new plants and equipment purchased by a firm.
Explanation:
Option B is wrong because anything purchased by households cannot be the investment for a firm.
Option C is wrong because inventory is a current asset. Current assets cannot be an investment.
Option A is correct because if a company purchases any non-current assets like plant and equipment, its an investment for them.
Answer:
$110,000
Explanation:
Calculation for How much was stockholders' equity at the end of the year
Beginning balance of stockholders' equity $40,000
Add net income $90,000
Less the dividends paid ($20,000)
Ending stockholders' equity $110,000
Therefore How much was stockholders' equity at the end of the year is $110,000
Answer:
A. Overconfidence effect
Explanation:
Overconfidence effect is a kind of bias whereby individual's subjective confidence in their own abilities is greater than the objective or actual performance accuracy of those abilities. During surveys, respondents usually have this kind of bias. An example is the one stated in the question whereby average people tend to fill that they are "above average" on certain features like intelligence and perceptiveness. It is a common bias as individuals usually assume that they are better than their real ability by overestimating those abilities inherently.
In the context of time-based competition, "build a better mousetrap and the world will beat a path to your door." could be interpreted as "those who make better innovations would obtain the most opportunities to obtain profit in the market"
Innovations only offers advantages in the competition because it offer different options for consumers that exclusively belong to US. But innovation is NOT THE ONLY factors for the product's success. There are other factors that can influence the success such as marketing strategies, condition of the economy
