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3 years ago

A market that has a single supplier of a product with no close substitutes and barriers to entry is:________

Business

1 answer:

aleksklad [387]3 years ago

4 0

Answer:

c. a pure monopoly.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.

Additionally, a public power company refers to a company that provides power (electricity) utility to the general public of a society.

Hence, a market that has a single supplier of a product with no close substitutes and barriers to entry is a pure monopoly.

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The general ledger of Pop's Fireworks includes the following account balances in 2021:

zimovet [89]

Answer:

June 3

Account Receivable $7,000 (debit)

Service Revenue $7,000 (credit)

June 8

Cash $4,500 (debit)

Discount allowed $500 (debit)

Accounts Receivables $5,000 (credit)

November 15

Bad Debt $1,500 (debit)

Accounts Receivables $1,500 (credit)

Explanation

The above transactions must be adjusted as they affect our transactions at the reporting date. Remember to grant the cash discount on early settlement of the payment made on June 8. The policy of sales on account is on the terms of 2% cash discount on payments made within 10 days.

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3 years ago

Pop owns 87% of the common stock of Sugar. On December 31, 2017, Pop's Receivables include $296,880 that Pop advanced to Sugar.

Sloan [31]

Answer: $296,880

Explanation:

Pop owns more than 50% of Sugar which means that Sugar is a subsidiary of Pop's. When this happens, trade between the two are not shown in the consolidated financial statement unless the goods traded have been sold off to a third party.

As these goods have not, and are still considered accounts receivable to Sugar, the entire amount will be removed from the consolidated financial statements.

6 0

3 years ago

Reasons why marketing is important to a business

Allisa [31]

Answer:

5 reasons why marketing is so important

Marketing informs. To attract consumers in a crowded marketplace, your target audience needs to know why they should choose your business over someone else's. ...

Marketing engages. ...

Marketing builds reputations. ...

Marketing sells. ...

Marketing grows businesses.

Explanation:

From Google

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3 years ago

Read 2 more answers

Huey has eaten two hamburgers and is considering a third.The marginal benefit in his decision is the pleasure from consuming

krok68 [10]

Answer:

Explanation:

A rational consumer would keep consuming as long as he continues to derive satisfaction from consuming one more unit of a product..

For example, if you have eaten two hamburgers and you are contemplating whether to consume one more unit of hamburger or not. one of the factors you would consider is if you would derive a marginal benefit from one more consumption. If you would, you would consume one more hamburger and if you would not, you won't consume the hamburger

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4 years ago

Gamma, Inc., has struggled for industry dominance with Ardent, Inc., its main competitor, for years. Gamma has gathered and anal

IgorLugansk [536]

Answer:

Option B, Causal ambiguity

Explanation:

Causal ambiguity defines the situation where there is lack of understanding of cause-and-effect interactions between resources and competitive advantage. This is the case with the Ardent having a competitive advantage over Gamma. It relates the ambiguity between resources and performance of available resources.

Option B is correct

3 0

3 years ago