From the point of view of the consumer, Bertrand oligopoly is <u>undesirable</u> since it leads to an outcome similar to zero.
An oligopoly is a market where there are a small number of firms who realize they are interdependent in their pricing and output policies. In this market, the number of firms are small enough to give each firm some market power.
Bertrand model of oligopoly is a model of competition in which two or more firms produce a homogenous good and compete in prices. However, this competition in prices where the goods are perfect substitutes, ends with the firms selling their goods at marginal costs and thus making zero profits out of it.
Hence, from the point of view of the consumer, Bertrand oligopoly is undesirable.
To learn more about Bertrand oligopoly here:
brainly.com/question/14093864
#SPJ4
Answer:
a. rationalization
Explanation:
He justifies his actions stating that he acted in the best interests of the company and nobody stopped him. In the given scenario, Martin is justifying his actions by resorting to rationalization. As we can see that Martin in this scenario is trying to justify his actions which means that he is making excuses to defend himself which is non professional as to avoid the truth from the company.
Answer:
B. Decrease in total equity
Explanation:
Treasury stock is the contra equity account and it will decrease only total equity value when it is purchased.
Following is the Journal entry on Purchase of Treasury stock
Dr. Cr.
Treasury Stock xxx
Cash xxx
So the treasury stock account will be deduct from total equity while preparing equity section of balance sheet as it is a contra equity account.
Answer:
$1,027.86
Explanation:
Total Taxes = Federal Income Tax + FICA-SS Tax + FICA-Medicare Tax
Total Taxes = $680.70 + ($4,538.00 × 0.062) + ($4,538.00 × 0.0145)
Total Taxes = $680.70 + $281.36 + $65.80
Total Taxes = $1,027.86
Therefore the total amount of taxes withheld from the Trey’s earnings is $1,027.86