Answer:
A
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
Because there is only one firm in the monopoly industry, a monopoly's demand curve is the industry's demand curve
Answer:
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $11,181
To Allowance for doubtful debts $11,181
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= (Accounts receivable × estimated percentage given
) - (credit balance of Allowance for Doubtful Accounts)
= ($206,300 × 7%) - ($3,260)
= $14,441 - $3,260
= $11,181
Answer:
A training
Explanation:
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The factors that must be seen are:
a Electricity usage around the world.
Explanation:
The single most important factor that the person must consider when getting into international business is viability of their product in the international market that they want to tap into.
Thus for the need of a company that is based on computer technology it seems paramount that the company would invest in a space where electricity is at least consistent and most people have access to it.
If this is there only then can one hope that people will buy from them.
