Answer:
The correct answer is option c.
Explanation:
An oligopoly market is a form of imperfect competition where there are a few firms. These firms can produce identical or differentiated products. Because of a few firms in the market, there is a high degree of competition in the market.
These firms are interdependent such that the economic decisions of a firm affect its rivals. So each firm has to consider the reaction of its rivals before making decisions.
The firms are price makers and face a downward-sloping demand curve.
Answer:
Average annual rate of return should Louis expect to earn over the next four years is 10.7%
Explanation:
The formula we are going o use is:
Where:
R is the number of years over which Louis expect to earn.
N is the number of years of average arithmetic return.
i_{g} is the average geometric return=10.50%=0.105.
i_{a} is the average arithmetic return =11%=0.11.
Solution:
Average annual rate of return should Louis expect to earn over the next four years is 10.7%
If consumers' surplus is $30 and the price paid for the good is $50, then the maximum price a buyer is willing and able to pay for the good is $20. To solve for this question, subtract the surplus amount of $30 and the actual price paid of $50 together. Consumer surplus is defined as the difference in the amount of money that a consumer is willing to pay vs what they actually pay for a good or service.
The accounting method that correctly reflects financial statement results is <u>Accrual accounting.</u>
<h3>What is accrual accounting?</h3><h3 />
This is a type of accounting that takes into account the various transactions that the business goes through even those that are not cash-based.
This will therefore accurately reflect the results of the financial statement because business get involved in non-cash transactions as well as cash transactions.
Find out more on accrual-based accounting at brainly.com/question/25817056.
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