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Neko [114]
4 years ago
7

The word "competition" in the label "monopolistic competition" refers to the fact that: a. firms vie against each other to get c

ustomers to buy their version of the product. b. firms have no control over the price they charge. c. there are very few firms producing in the market. d. none of the above
Business
1 answer:
MAXImum [283]4 years ago
7 0

Answer:

A.

Explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes. ... Unlike perfect competition, the firm maintains spare capacity.

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Troyanec [42]

Answer:

Dec. 31

Dr Interest expense $405,000

Cr Discount on bonds payable $5,000

Cr Cash $400,000

Explanation:

Preparation of the journal entry to record interest expense and bond premium amortization on December 31, 2022

Dec. 31

Dr Interest expense $405,000

($400,000+$5,000)

Cr Discount on bonds payable $5,000

[$5,000,000 - ($5,000,000 x 101/100)/10]

Cr Cash ($5,000,000 x 8%) $400,000

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If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their __________________
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Answer: double coincidence of wants

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Coincidence of wants simply refers to a situation whereby two parties have something that the other person wants, therefore they then exchange the products they have. It should be noted that no financial compensation is involved. This simply has to do with trade by barter.

If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their double coincidence of wants will be satisfied.

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Why is international employment important? How does it help for economic development of the country? classify​
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Explanation:

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<em>The</em><em> </em><em>important</em><em> </em><em>of</em><em> </em><em>foreign</em><em> </em><em>employment</em><em> </em><em>are</em><em> </em><em>:</em>

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Equilibrium price will increase and quantity will decrease will be the resulting change in the equilibrium of the chocolate bar market.

The equilibrium charge is the rate at which the amount demanded equals the amount supplied. It's far decided through the intersection of the demand and deliver curves. A surplus exists if the amount of an excellent or carrier provided exceeds the amount demanded on the contemporary charge; it causes downward strain on the charge.

Equilibrium is the nation wherein market supply calls for balance every other, and as a result, costs come to be strong. Typically, an over-supply of goods or services causes expenses to move down, which results in a higher call for—while an underneath-deliver or shortage causes fees to head up resulting in less demand.

Upward shifts inside the supply and demand curves have an effect on the equilibrium rate and amount. If the deliver curve shifts upward, meaning deliver decreases however demand holds constant, the equilibrium rate will increase but the quantity falls.

Learn more about the Equilibrium price here brainly.com/question/26075805

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