Answer:
Highlight four ways in which the running of public corporations...
Ensuring that appointment for senior and technical posts are done on merit.
Exercising the supervisory role of the government.
Continuous training of staff for development.
Setting performance targets to be achieved.
Establishing incentive system for motivation.
Creating public awareness.
Restructuring the corporations ( retrenching)
Reduce policy interference
Reducing monopolistic tendencies
Answer:
The correct answer that fills the gap is: Cartels generate the highest joint profit, they want to avoid a price war that leads to profit erosion and P=MC, a cournot oligopoly will generate more profit than a bertrand oligopoly
Explanation:
In Bertrand's model, consumers will buy the goods of the company that offers the lowest price. From this it can be intuited that the Nash equilibrium will be the one in which both companies set the same price. For this reason it is not attractive, since they are competition and for some of the two it may not be profitable to decrease the sale price of their products.
Answer:
To reverse the transaction, the journal entry is:
Date Account title Debit Credit
March 4, 2021 Accounts receivable - Megan Gray $5,800
Allowance for doubtful accounts $5,800
To record the receipt of cash:
Date Account title Debit Credit
March 4, 2021 Cash $5,800
Accounts receivable - Megan Gray $5,800
