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Alexus [3.1K]
4 years ago
13

Why is competition limited in an oligopoly?

Business
1 answer:
Gnom [1K]4 years ago
6 0
An oligopoly is a market form in which a market is dominated by a small number of sellers. For example, as of fourth quarter 2008, Verizon, AT&T, Sprint, and T-Mobile together control 97% of the US cellular phone market. Competition is limited in an oligopoly because barriers to entry are high.The most important barriers are government licenses, economies of scale, patents, access to expensive and complex technology, and strategic actions by incumbent firms designed to discourage or destroy nascent firms. 
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their own income is correct

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Answer:

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aleksandrvk [35]

Answer:

a.

Assets : Increase by $6,000

Liabilities : No effect

Equity : Increase by $6,000

b.

Assets : Increase by $4,500

Liabilities : No effect

Equity: Increase by $4,500

c.

Assets : Decrease $1,650

Liabilities : No effect

Equity : Decrease $1,650

d.

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e.

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Equity : Decrease $800

Explanation:

a.

Recognize Revenue and Assets of Cash

b.

Recognize Revenue and Assets in Trade Receivable

c.

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d.

Recognize Assets in Cash and de-recognize Assets in Accounts Receivables.

e.

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5 0
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