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V125BC [204]
3 years ago
11

HELP!!

Business
2 answers:
leonid [27]3 years ago
6 0
In monopolistic competition prices are usually higher than in perfect competition.
masya89 [10]3 years ago
6 0

The correct answer is A. Higher than in perfect competition

Explanation:

Monopolistic competition occurs as businesses offer slightly different products or services. This causes the products or services cannot be replaced by others, and therefore, each firm or business can establish prices. Moreover, in monopolistic competition prices are higher as firms take advantage of the features that make their products different. This does not occur in perfect competition in which different companies offer the same products. Thus, a major characteristic of monopolistic competition is that prices will be higher than in perfect competition.

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What is a common workflow error that can cause duplicate expenses in QuickBooks Online?
kow [346]

Answer:

A common workflow error that can cause duplicate expenses in QuickBooks Online is:

Duplicating any transaction.

Explanation:

The reason behind this is that duplicating transactions is very common because it might originate before the accounting process is made. It can be executed by any manager or someone in the resources acquisitions department. That is why the books have to be reviewed at two different moments from two different departments. Accounting first and then finance. To check that everything is correct.  

5 0
3 years ago
Short-term notes payable: Rarely involve interest charges. Are a conditional promise to pay. Can be issued in return for money b
Stolb23 [73]

Answer:  Can be issued in return for money borrowed from a bank.

Explanation:

Short term notes payable are liabilities issued by a company indicating that they have an obligation to pay a certain amount (including interest) within the a year which makes it a current liability.

It can be issued in lieu of money borrowed from a bank as well as an accounts payable.

4 0
3 years ago
Firms gain control over price in monopolistic competition by A) blocking entry of other firms into the industry. B) producing a
NNADVOKAT [17]

Answer: Firms gain control over price in monopolistic competition by <u>"C) differentiating their products.".</u>

<u />

Explanation: Monopolistic competition is an imperfect type of competition in which there is a high number of sellers in the market. The products offered are characterized by having some differentiation and it is precisely this differentiation that makes these companies enjoy a certain power of market, have a certain voice when setting their prices and are not merely "price-acceptors", as in the case of perfect competition.

5 0
3 years ago
Suppose a basket of goods and services has been selected to calculate the CPI and 2014 has been selected as the base year. In 20
Nina [5.8K]

Answer:Consumer Price Index (CPI) 2016 = 111.54

Explanation:

consumer price index is a measure of price change over a period of time in other words consumer price index is a measure of inflation. A number of good are selected and their prices are monitored each year in order to measured against the base year prices in order to determine  changes in the general price level.

The goods selected represent the spending patterns of the an average consumer in that economy or country. When the price of these goods rise over time when compared to the Basket Cost of the base year we can assume that there is a rise in the general price level

Base year = 2014

Basket's cost 2014= $52

Base cost 2016 = $58

Consumer Price index (CPI) 2016 = Basket costs 2016/base year Basket cost 2014.

Consumer Price index (CPI) 2016 = 58/52 = 1.115384615 x 100

Consumer Price Index (CPI) 2016 = 111.5384615

Consumer Price Index (CPI) 2016 = 111.54

5 0
3 years ago
Which decision-making models best describe how decision-making takes place in the research and development laboratory of a major
g100num [7]

Answer:

Garbage-can model

Explanation:

The decision-making models that best describe how decision-making takes place in the research and development laboratory of a major drug company is the Garbage-can model, this is because the research and development laboratory is a complex and unstable environment

decisions taken in a research laboratory are mainly unpredictable and uncertain as most solution are turned in problems first before another solution can be created  

4 0
4 years ago
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