Answer:
New firms entering into a market characterized by monopolistic competition must differentiate their products from the competition by establishing their own brands.
Explanation:
There are four main characteristics of a monopolistic competitive market. They are large numbers of buyers and sellers; perfect information; low entry and exit barriers; and similar but differentiated goods. Monopolistic competition is a market structure where the firms offer similar but branded products which differentiate one firm's product from the other. This implies that there is competition but because of the presence of brands, firms cannot compete directly with one another.
Answer:
C. is higher than the market wage and tends to increase productivity.
Answer:
traded on information that was not available to the public.
Explanation:
Brianna, a salesperson for Cosmetics Corporation, learns that Cosmetics will increase the dividend it pays to shareholders. Brianna buys 10,000 shares of Cosmetics stock. When the price increases, Brianna sells the shares for a profit. If Brianna is liable for insider trading, it is because she traded on information that was not available to the public.
The best definition is:
D. Profit is the financial gain for business activity minus expenses.
Explanation:
Profit is basically met by the two factors which are
-The expense met by the firm in producing the product
-The price it actually sold for in the market.
If the second factor is indeed bigger than the first, then there is profit.
Indeed, there must also be a consideration that the expenses would also include marketing, transportation and the cost for intermediaries.
It would not production cost but it would be the cost of getting the product to the consumer.
Answer: Please check in the explanation column for answer
Explanation: The entries on the appropriate dates to record the declaration and payment of cash dividend in Sheffield Corporation is given as
Nov 1.
Debit: Cash Dividends 84,000
Credit: Dividends Payable 84,000
Dec 31.
Debit: Dividends Payable 84,000
Credit: Cash 84,000