With reference to pricing in different types of markets, compare oligopolistic competition with a pure monopoly
What will be an ideal response?
Under oligopolistic competition, the market consists of only a few large sellers. As there are few sellers, each seller is alert and responsive to competitors' pricing strategies and marketing moves. In a pure monopoly, the market is dominated by one seller. The seller may be a government monopoly, a private regulated monopoly, or a private unregulated monopoly. Pricing is handled differently in each case.
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The data presented below is for Falconi, Inc for 2016. Credit sales during the year $2,100,000 Accounts receivable—December 31, 2016 395,000 Allowance for doubtful accounts—December 31, 2016 20,000 Bad debt expense for the year 17,000 What amount will Falconi show on its year-end balance sheet for the net realizable value of its accounts receivable?
a. $378,000 b. $375,000 c. $358,000 d. $ 20,000
The more thorough a media list is, the
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Bob, the president of Commerce & Trade, Inc, claims that certain actions by the federal government and the state of Delaware infringe on rights guaranteed by the Bill of Rights. All of these rights limit A) ?none of the choices
B) ?the federal government. C) ?private citizens and corporations. D) ?the states.
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A) higher; lower B) lower; higher C) higher; higher D) lower; lower