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skad [1K]
2 years ago
13

What is the difference between an Oligopoly and a Monopoly?

Business
1 answer:
Sergeeva-Olga [200]2 years ago
8 0

A monopoly and an oligopoly are economic market structures where there is imperfect competition in the market. A monopoly market contains a single firm that produces goods with no close substitute, with significant barriers to entry of other firms. An oligopoly market has a small number of relatively large firms that produce similar but slightly different products. Again, there are significant barriers to entry for other enterprises.

The geographical size of the market can determine whether there is an oligopoly or a monopoly. A firm may dominate an industry in a particular area where there are no alternatives to the same product but have two or three similar companies operating nationwide. Thus, the firm may be a monopoly in a region but operate in an oligopoly market in a larger geographical area.

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What was Rutherford's contribution to our knowledge of atoms
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3 years ago
The u. s. government promoted public participation in the 2010 census during the televised super bowl game in its efforts is to
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Answer:

a. advertising

Explanation:

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3 years ago
If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are:
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Recognized as revenues in the debt service fund.

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8 0
3 years ago
On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be
never [62]

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Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

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Preparation of the journal entry to record the impairment.

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Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

($38,500-$22,980=$15,520)

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3 years ago
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Explanation:

7 0
2 years ago
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