Answer:
A.
Explanation:
Characteristics of a Perfectly Competitive Market:
-Very Large Number of Sellers and Buyers.
<em>Each firm produces an extremely small percent of total market supply.</em>
-Identical (Homogeneous) Product.
<em>The product sold by one firm is identical to that sold by another firm.</em>
-Easy Entry/Easy Exit.
<em>Easy to enter this industry because costs are low. Also easy to quit this industry because of the low costs. </em>
-Perfect Information.
<em>Buyers and Sellers Have Perfect Information. All the buyers and sellers know all of the relevant information.</em>
<em>-</em>The Competitive Firm Is A Price Taker.
<em>The firm must take the market price as given.</em>
The correct answer is true.
The United States issues savings bonds, which is equivalent to loaning them money. Savings bonds are a very safe investment for the investors and gives the United States cash flow.
Answer:
differs from accounting income because companies use the full accrual method for financial reporting but use the modified cash basis for tax reporting.
Explanation:
Corporation is simply a legal entity that existed through either federal or provincial legislation.It includes partnerships, joint stock companies, joint accounts, associations, insurance companies and others.
Taxable income is the amount on which the tax will be put together. They are imcome on which tax must be paid. Taxable income of Corporation includes taxed on earnings, dividends distributed to shareholders are also taxed to the shareholders and it creates double taxation.
Answer:
a short-run equilibrium but not a long-run equilibrium.
Explanation:
The long run aggregate supply and aggregate demand when intersect they determine the economy level of equilibrium. This will determine real level of GDP and prices in the long run. The short run supply curve is upward sloping. It determines the quantity of the output that will be produced at each level of price in the short run.
