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2 years ago

Types of imperfect competition

Business

1 answer:

hoa [83]2 years ago

3 0

Monopolistic competition: A situation in which many firms with slightly different products compete. Production costs are above what may be achieved by perfectly competitive firms, but society benefits from the product differentiation.

Monopoly: A firm with no competitors in its industry. A monopoly firm produces less output, has higher costs, and sells its output for a higher price than it would if constrained by competition. These negative outcomes usually generate government regulation.

Oligopoly: An industry with only a few firms. If they collude, they form a cartel to reduce output and drive up profits the way a monopoly does.

Duopoly: A special form of Oligopoly, with only two firms in an industry.

Monopsony: A market with a single buyer and many sellers.

Oligopsony: A market with a few buyers and many sellers.

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Suppose the federal reserve wants to decrease the money supply by $400 billion. if the reserve requirement (rr) is 0.2, calculat

svetlana [45]

Two main modifications be made to guard the public, avoid bank bailouts, and expand banking protection and soundness.

<h3>What is the change in required reserves?</h3>

Increasing the (reserve requirement) ratios reduces the extent of deposits that can be supported with the aid of a given level of reserves and, in the absence of different actions, reduces the money stock and raises the price of credit.

<h3>What are the three dreams of the Federal Reserve?</h3>

It is the Federal Reserve's actions, as a central bank, to acquire three dreams distinct by using Congress: maximum employment, secure prices, and average long-term hobby rates in the United States.

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4 0

1 year ago

Last year Acme paid Ralph $15,000 to install a new air-conditioning unit at its headquarters building. The air conditioner did n

Fynjy0 [20]

Explanation:

a. Ralph is in charge of the land, with an implicit right to payment in compliance with right doctrine (North American Oil Consol. v. Burnet (1932, S.Ct.) 286 US 414). This year, however, gross sales are made, although they may be reimbursed later.

b. Unless he returns money to Acme this year, Ralph will be able to claim a deduction of $5,000. Although Ralph originally paid the $1,750 tax on invoice and only saved $1,400 on the reduction of the refund and because the repayment timing resulted in an additional $350 tax. As the amount refunded to Ralph is more than $3,000 according to IRC§ 1341a. This is possible for Ralph to use the taxes accrued in the next year from the same refund to cover taxes. So Ralph will say a tax offset of $1,750 instead of a deduction of $5,000.

c.The sum of the deduction must be more than $3,000, according to IRC § 1341(a). Because Ralph spent just $2,500, he is not liable for tax reduction deductions, but can only claim a refund deduction.

7 0

2 years ago

________ is the centralized policy-based management of all information required for access to corporate systems by people, machi

Ket [755]

Answer:

The answer would be b) identity management

Explanation:

Identity management is used to authenticate users and to determine if they are authorized to access specific systems. Identity management operates by linking user rights and constraints with recognized identities. Identity management ensures that only authorized users can access to organizational systems while those without access are restricted.

8 0

3 years ago

Horton Industries’ shareholders’ equity included 140 million shares of $1 par common stock and a balance in paid-in capital - ex

kiruha [24]

Answer:

The total paid-in capital declines by $17 million

Explanation:

The necessary entries to record the repurchase of shares are as follows:

Dr Common stock $1*2,000,000 $2,000,000

Dr Paid-in capital in excess of par

1120*140*2000,0000 $ 16,000,000

Cr Cash $7*2000,000 $14,000,000

Cr Share repurchase(balancing figure) $4,000,000

Invariably, the paid-in capital declines by the difference the total of common stock and paid-in capital in excess of par ($2m+$16m) and the share repurchase,hence the it declines by $17 million

4 0

3 years ago

The intangible assets section of Marigold Corporation's balance sheet at December 31, 2022, is presented here.

fredd [130]

Answer:

Journal entries to record the 2023 amortization expense for intangible assets.

Date Accounts Titles and Explanation Debit Credit

Dec 31 Amortization Expense—Patents $14,180

($71,800*1/10 + $45,000 * 1/9

+ $40,000*1/10*6/12)

Patents $14,180

(To record amortization of patents)

Dec 31 Amortization Expense - Copyrights $6,335

($50,500*1/10 + $257,000*1/50*3/12)

(To record amortization of copyrights)

5 0

3 years ago