Answer:
b. Monopolistic competition is likely to result in a greater variety of product brands than pure competition.
Explanation:
Monopolistic competition is a competitive structure in which few companies operate in an industry that offers the same type of service or product, but differences. In this way each firm holds the relative monopoly of the product. For example, in the toothpaste market, companies sell the same product (toothpaste) but each company tries to differentiate their product from others.
In the competitive structure, several companies sell various products in a free competitive regime, having no monopoly power. Thus, the number of companies and products is infinitely larger than in monopolistic competition.
Answer:
The answer is given below;
Explanation:
The adjusting entry will be;
Income Statement Dr.$5,000
Inventory Cr.$5,000
As the NRV is less than cost,therefore difference amount will be charged to profit and loss account.
Answer:
Yes
Explanation:
You need to inform people of your business and what they do!
itis a "procedding pro se" which means youare representing yourselfin court which you are called "pro se littigent"