Answer:
b. some firms exit, industry supply decreases, market price rises.
Explanation:
A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.
If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.
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Prime rate:- Interest at the lowest rate that is borrowed.
The legal contract between the bondholders and the issuer is called the bond <u>indenture.</u>
A bond indenture is important as it helps to protect the interest if the stakeholders and also lowers the chance of default.
It should be noted that the indenture list provides the details of a bond. It helps in ensuring transparency. Therefore, the legal contract between the bondholders and the issuer is called the bond indenture.
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Answer:
$2200000
Explanation:
Given: Beginning inventory= $500000.
Inventory purchased= $2000000 with discount of 10%.
Freight cost= $200000.
Ending Inventory= $300000.
Cost of goods sold= 
⇒ Cost of goods sold= 
⇒ Cost of goods sold= 
⇒ Cost of goods sold= 
Opening parenthesis
⇒ Cost of goods sold= 
∴ Cost of goods sold= 
Hence, $2200000 is the company’s 2017 cost of goods sold.