Answer:
d. the oligopolists earn the highest profit when they cooperate and behave like a monopolist.
Explanation:
An oligopoly is when there are few large firms operating in an industry.
When oligopoly firms come together and agree to set a price, they are known as cartels and are acting as a monopoly. Firms in a cartel earn the highest profit because they act as a monopoly compared to when they aren't in a cartel and each firm sets their own prices to maximise profit. In a case where firms in an oligopoly do not form a cartel, they engage in price wars and other forms of competition which might make firms earn lower profits compared to when they are in a cartel.
Collusive agreements aren't always binding. Firms might have incentives to cheat on the agreement if the payoff from cheating is higher than not cheating.
I hope my answer helps you.
The answer should be D if not it's A
Answer:the adjustment to record bad debts for the period will require a
Debit on
Bad debt expenses for $ 12,670 and a credit To Allowance for doubtful accounts for $ 12,670
Explanation:
Account receivables for uncollectibles= $13,900
Allowance for Doubtful Accounts = credit balance of $1230
Adjusting entry for bad debts expense =Account receivables - credit balance of $1230
= $13,900- $1,230
=$12,670
Adjusting entry for the record of bad debts expense
Accounts titles Debit Credit
Bad debt expenses $ 12,670
To Allowance for doubtful accounts $ 12,670
<span>The defendant seeks to offer into
evidence the fact that the mayor was convicted two years ago of taking a bribe
to award a city contract for solid waste disposal. Yes, this is a documentary evidence
and is admissible because the mayor is already proven convicted of corruption.</span>
<span>product mix
Product mix, also known as product assortment, is the total number of product lines that a company offers to its customers. The product lines may range from one to many, and the company may have many products under the same product line as well.</span>
