Answer:
The correct answer is letter "A": a market in which a good can be bought and sold at the same price.
Explanation:
Competitive markets are those with large numbers of producers fighting against each other to fulfill consumers' needs. In these markets, the producers and consumers cannot determine the price of the goods or services being traded. Both <em>participants are price-takers</em> which imply they will come to a point in which the price level offered by producers and desired by consumers will be equal.
<span>Let us first find out how much of the prepaid subscriptions has been used up during the reporting year. $1548 is for 36 months. So the monthly rate of subscription charges will be 1548/36 = 43. During the reporting year, subscription charges are paid only for 9 months( from April to December) So the amount to be debited to subscription charges = 43 * 9 = 387. Subscription charges will be debited with $ 387 and prepaid subscriptions account will be credited with the same amount. The remaining amount, 1548-387=1161, will remain in prepaid subscriptions account as a debit balance.</span>
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The answer is <u>"Oligopoly".</u>
Oligopoly is a market structure with few firms, none of which can shield the others from having huge impact. The focus proportion estimates the piece of the overall industry of the biggest firms. An imposing business model is one firm, duopoly is two firms and oligopoly is at least two firms. There is no exact maximum breaking point to the quantity of firms in an oligopoly, however the number must be low enough that the activities of one firm altogether impact the others.
