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alex41 [277]
3 years ago
10

________ exists when a large number of firms produce goods that are similar but customers believe there is a difference.

Business
2 answers:
Sedaia [141]3 years ago
5 0
Answer (Competitive practice)

The answer that fills the blank is competitive practice because businesses compete when they have a similar product that they both try to sell.

Hope this helps have a nice day :)
hichkok12 [17]3 years ago
4 0

Answer:

Monopolistic Competition

Explanation:

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Standard Hours Allowed; Flexible Budgeting; Multiple Products (LO 11-1, 11-2) Evening Star, Inc. produces binoculars of two qual
Lady_Fox [76]

Answer:

8,100 hours

Explanation:

The computation of standard hours is shown below:-

Total standard hours allowed = (Field models × Field models hours) + (professional binoculars × Professional binoculars hours)

= (950 × 3) + (1,050 × 5)

= 2,850 + 5,250

= 8,100 hours

Therefore for computing the total standard hours allowed we simply applied the above formula.

6 0
3 years ago
Determine fixed​ cost, F; average variable​ cost, AVC; average​ cost, AC; marginal​ cost, MC; and average​ fixed-cost, AFC. The
Rom4ik [11]

Answer:

Fixed Cost Function = Average Cost - Average Variable cost

Explanation:

A fixed cost is the one which does not changes with the level of production. These cost are irrelevant to number of units production. It is not affected by the units produced and sold. The change in fixed cost does not affect the marginal cost. The marginal cost is the variable cost that is incurred by producing one more unit. These costs are affected by the level of production.

5 0
3 years ago
Which kind of economic system does a socialist country have?
Ann [662]
The answer is D) mixed
5 0
3 years ago
Read 2 more answers
One of the reasons why the discounted cash flow method of valuation is useful in assessing the value of fixed income instruments
Lerok [7]

Answer:

B

i just know im right

7 0
3 years ago
On July 1 of the current calendar year, Olive Company paid $8,200 cash for management services to be performed over a two-year p
Andrew [12]

Based on the amount paid by Olive Company for the two year period, the adjusting entry on December 31 would be a debit to an expense and a credit to prepaid expense for $2,050.

<h3>What would be the adjusting entry?</h3>

Based on the accrual method, only costs for the year can be recorded as expenses.

If any costs are for other periods, those costs would be credited to prepaid expenses.

The expense for this year for management services would be:

= Number of months from July to December x Amount paid / number of months in contract

= 6 months x 8,200 / 24 months

= $2,050

In conclusion, expenses will be debited $2,050.

Find out more on prepaid expenses at brainly.com/question/9270086.

4 0
2 years ago
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