Answer:
Monopoly
Explanation:
Citrus county concrete company is the only supplier of mixed concrete to customers within a thirty-mile radius.
"A monopoly exists when a specific person or enterprise is the only supplier of a particular good. As a result, monopolies are characterized by a lack of competition within the market producing a good or service."
"A monopolistic competitive industry has the following features:
Many firms.
Freedom of entry and exit.
Firms produce differentiated products.
Firms have price inelastic demand; they are price makers because the good is highly differentiated
Firms make normal profits in the long run but could make supernormal profits in the short term
Firms are allocatively and productively inefficient."
References:
Boundless. “Boundless Economics.” Lumen, 2019
Pettinger, Tejvan. “Monopolistic Competition – Definition, Diagram and Examples.” Economics Help, 27 Feb. 2018
<h2>Hello! </h2>
<h3>The impact of ATM on the banking sector is:</h3>
- Automated Teller Machines can offer significant benefits to both the banks and their depositors. The machine can enable depositors to withdraw cash at more convenient times and places other than banking hours.
- ATM reduces the number of human deployment by banks thereby reducing cost of operations.
<h2>Hope it was helpful </h2>
<h2>Please mark me as a brain list </h2>
Answer:
The correct answer is that the assets will be increased through $530
Explanation:
The cash in advance is the amount of payment which is used in some of the trade agreements. The cash in advance is needed which the buyer paid to the seller in form of cash before the shipment is received and sometimes, it is made even before the shipment.
So, in this case, the company received the cash which is in advance worth of $530 from the client. So, this will result in increasing the cash for the business as cash is the asset for the business which is earned by business by providing or offering the services or product to client.
Answer:
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Explanation:
the awnser is d