<u>there is no clear-cut dividing line </u>
The primary difference between oligopoly and monopolistic competition is the relative size and the market control of each firm based on the number of competitors in the market. However, there is no clear-cut dividing line between these two market structures.
Answer:
c. 485,000
Explanation:
[(500,000 × 12) − (60,000 × 3)] / 12 = 485,000
Answer: $74,000
Explanation:
The Average Investment refers to the average cash invested into a particular project and is useful in calculating the rate of return. The simple formula is to add the beginning value of the asset to its ending value and divide this by 2.
The ending value in this case would be the salvage value;
Average Investment = 
= 
= $74,000
Answer:
Staff authority.
Explanation:
In this case, Joan is exhibiting the type of staff authority.
This type of authority occurs when consulting with other line managers, providing them with ideas and advice, as seen in the question in the excerpt that says,<em> "Sometimes Joan makes strong suggestions about how other managers should deal with problems of your employees ".
</em>
Therefore, despite providing advice, it is necessary that the suggestions and ideas are approved by the superiors of each manager so that it can be implemented.
