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Dmitry [639]
3 years ago
5

An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical produ

cts. Which of the following are other characteristics of this market structure? Check all that apply.
A) Market control by many small firmsB) Difficult entryC) Mutual interdependenceD) Market control by a few large firmsE) Mutual dependence
Business
1 answer:
mixas84 [53]3 years ago
8 0

Answer: Option B and C

         

Explanation: In simple words, oligopoly refers to the market structure in which there are few firms operating at a huge level and selling products that are close but not absolute substitutes of each other.

     The high level of investment and too much of legal formalities makes it difficult to entry in such industries. Firms in such industries produce identical goods thus they do not compete in the amaretto with respect to price.

the firms operate their market on the basis of non price factors such as advertisements but still are mutually interdependent on each other as a minor decrease in price of other can deregulate the demand in the whole industry. Automobile sector is one the primary examples of oligopoly.

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1 year ago
Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $420,000; Allowance for Doub
Fiesta28 [93]

Answer and Explanation:

The computation is shown below:

a. Amount of adjusting entry for uncollectible accounts

= Estimated balance of Allowance for Doubtful Accounts + debit balance

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b. Adjusted balances

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= $420,000

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= $16,400

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Mariott Condominium, located near San Diego, California, plans to renovate its main building. The project will begin April 1, an
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Answer:

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Explanation:

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Profit Margin = 5.282%

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