In Vin del Mar, Chile, there are a dozen stores specializing in selling the same quality of seafood products on one street
An individual store dare not charge more than the going price without the risk of losing business to the other stores that are selling the fish at a common price. This is an example of what type of market?
A) perfect competition
B) monopolistic competition
C) oligopolistic competition
D) a monopoly
E) an oligopoly
A
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In the context of building wealth for retirement, which of the following statements is true of a Rothindividual retirement account (IRA)?
A. The contributions you make to a Roth IRA arenottax deductible at the time you make them. B. Earnings on the contributions you make to a Roth IRA are taxable. C. You need to pay taxes on the distributions you receive from a Roth IRA after you retire. D. There is no limit on the amount that you can contribute each year to a Roth IRA.
One application of internal control when taking a physical count of inventory is the use of pre-numbered inventory tickets.
Answer the following statement true (T) or false (F)
Under the principle of comity, a foreign business that deals with a U.S. business may be subject to U.S. law.
Answer the following statement true (T) or false (F)
The 99% confidence interval estimate for a population variance when a sample standard deviation of 12 is obtained from a sample of 10 items is
A. 4.589 to 62.253. B. 46.538 to 422.171. C. 54.941 to 746.974. D. 62.042 to 562.895.