1. Anna extracted the following balances from his ledger on 30 June 2019. You are required to prepare a Trial Balance as at that date. $ $ Purchases 53,400 Duty on purchases 1,350 Sales 68,500 Stationery 800 Drawings 3,000 Debtors 11,300 Purchases Returns 400 Creditors 13,000 Sales Returns 300 Motor vehicles 20,000 Discount received 600 Office equipment 10,500 Discount allowed 750 Carriage inwards 2,600 Commission received 1,370 Carriage outwards 1,650 Rent 4,800 Cash at bank Wages 10,800 Capital 56,000 General expenses 2,900 Stock as at 1 July 2018 11,170 4,550
Answers
The required trial balance for Anna will be:
Particulars Debit Credit
Capital $56,000.00
Cash at Bank $4,550.00
Office Equipment $10,500.00
Motor Vehicles $20,000.00
Closing Stock $ 11,170.00
Stationery $ 800.00
Debtors $ 11,300.00
Drawings $ 3,000.00
Creditors $ 13,000.00
Sales $ 68,500.00
Sales Returns $ 300.00
Purchases $ 53,400.00
Purchase Returns $ 400.00
Discount Received $ 600.00
Discount allowed $ 750.00
Commission received $ 1,370.00
Rent $ 4,800.00
Wages $ 10,800.00
General Expenses $ 2,900.00
Duty on Purchases $ 1,350.00
Carriage Inwards $ 2,600.00
Carriage Outwards $ 1,650.00
Total $ 139,870.00 $ 139,870.00
A trial balance is a financial report that displays the general ledger's closing balances for all accounts at a certain point in time.
The first step in closing the books of accounts at the conclusion of an accounting period is to create a trial balance.
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Related Questions
free creditsssssssssssssssssssssssssssss
Answers
Answer:
ty
Explanation:
Discuss about the main types of fish available in Nepal.
Answers
Answer:
There are many types of fish in nepal but and seven of the major types are:-Mola carplet (Amblypharyngodon mola)
Mola carplet (Amblypharyngodon mola)Bighead carp
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morar
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morarBarred baril
Barnaby baril
Hamilton's barila
Explanation:
I am sure to will get 6 marks out of 6 marks if you submit this answer!
25 points
What is it called when you change the color within a theme?
Question options:
Color change
Transition color
Variant
Flexible coloring
Answers
Answer:
transition color
Explanation:
i just finished the test
identify what accounting is by selecting the correct statement.
Answers
A system called accounting is used to locate, document, and share financial data.
What does accounting and finance mean?Your financial operation can be managed and made more efficient with the help of an accounting and financial management system. It automates routine accounting processes like keeping track of ledger and journal entries, assisting with tax calculations, and facilitating multicurrency transactions.
Accounting is what kind of a system?Accounting systems come in two varieties: A single entry system is the first, where a tiny business records each transaction as a line item in a ledger. The alternative is a double entry system, in which each transaction is recorded as both a debit and a credit in different accounts.
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hurry! #3
What soft skills should a customer service representative use when resolving customer issues?
negotiation and bartering
control and manipulation
empathy and humor
speed and knowledge
Answers
Answer:
empathy and humor
a telephone cost $250. the sales tax is 7.5 . what was the cost of the telephone including sales tax
Answers
Answer:
268.75
Explanation: The sales tax should be 18.75
Iana has grown dramatically and now oversees five __________ that parcel out ip addresses to large isps and major corporations.
Answers
IANA has grown dramatically and now oversees five Internet Corporations for Assigned Names and Numbers (ICANNs) that parcel out IP addresses to large ISPs and major corporations.
What is IANA?The Internet Assigned Numbers Authority (IANA) is an organization that sets standards for various online based essential services such as IP address allocation and root zone management.
Since being established by the United States, they have grown to be more global and this is evidenced by the fact they now oversee five Internet Corporations for Assigned Names and Numbers (ICANNs).
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A social facilitation effect can be maintained if
the task is meaningful to the people working on it.
group members do not know each other.
performance goals are ambiguous.
group members believe that their lack of effort will go undetected.
the culture supports individualism.
2."I really admire Joel, our team leader," said Jami. "Our team has tough goals to accomplish, and Joel doesn't just supervise us, he
serves as an advocate."
will evaluate the final product."
does real work."
oversees our work."
serves as a resource."
3.At the _____ leadership level, the team leader handles most (if not all) of the leadership duties, including assigning tasks, making and explaining decisions, training team members, and managing members one-on-one.
laissez-faire
team
democratic
supervisory
participative
4.In a new team work environment,
people work by themselve
jobs are narrowly defined.
managers and team members plan together.
training for nonmanagers focuses on technical skills.
risk taking is discouraged and punished
5.A _______ is a small number of people with complementary skills who are committed to a common purpose, set of performance goals, and approach for which they hold themselves mutually accountable.
group
sample
population
system
team
Answers
Answers to the above Questions about Social facilitation, Leadership level, team Work etc. are mentioned below in a chronological manner:
1. If the task has importance for the people working on it, the social facilitation effect can continue.
So, option (A) about Social facilitation would be the appropriate response. The tendency for the presence of others to enhance a person's performance on a task is known as social facilitation.
2. The team has challenging objectives to meet, and Joel doesn't only supervise them—he also acts as a resource. So, choice D would be the proper one.
3. At the supervisory leadership level, the team leader is responsible for the majority (if not all) of the leadership responsibilities, including task delegation, etc. Thus option D, Supervisory is correct.
4. Managers and team members plan together in the new environment of teamwork where cross-training is the norm.
5. A team is made up of a limited group of individuals with complementary abilities who are dedicated to a shared objective, set of performance standards, and strategy for which they hold one another accountable.
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Discuss what you think are the most important of these tools and why you think they’re valuable.
Use those tools and identify a successful portfolio of stocks/bonds/mutual funds.
Explain why you selected your portfolio and how the research tools helped you identify them.
Describe your reasons these will make good long-term investments.
Conclusion
Each one is a paragraph! (Ill give brainiest to every response:D)
Answers
A free-market economy includes elements such as the stock market. It enables businesses to raise funds by selling stock shares and corporate bonds, and it gives investors a chance to profit from the business's financial success through capital gains and dividend payments.
What is the most important tool?Some of the indicators for the stock market include On-Balance Volume, Accumulation/Distribution Line, Average Directional Index, Aroon Indicator, MACD, Relative Strength Index, and Stochastic Oscillator.
The most popular technical indicator among them is the MACD (Moving-Average Convergence/Divergence) line. The MACD line examines a stock's short- and long-term momentum to predict its future direction.
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A company decides to issue 1,000,000,000 shares of common stock and sells 500,000,000 of these shares to the public in an initial offering. The remainder of the shares are held as Treasury Stock. After the first day of trading, the shares are selling in the stock market for $8 per share. If the company immediately decides to split its common stock, 2 for 1:a. How many shares will be outstanding after the split?b. What will be the share price of the common?c. What will be the market value of the company after the split?
Answers
The number of shares outstanding after the split will be 1,000,000,000 outstanding shares.
The share price of the common shares would be $ 4 per share.
The market value of the compare after the split would be $ 8 billion.
How to find the number of shares ?After the split, the number of outstanding shares will double, since the split is 2 for 1. Therefore, there will be 500,000,000 x 2 = 1,000,000,000 outstanding shares.
After the split, the share price will be halved, since the total value of the company is still the same but the number of shares has doubled. Thus, the share price will be $8 / 2 = $4 per share.
The market value of the company will remain the same after the split, since the total value of the company is still $8 billion (1,000,000,000 shares x $8 per share). Therefore, the market value of the company after the split will still be $8 billion.
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Why would you consider a joint venture as a beginning developer
and what is important to consider when preparing a joint venture
agreement?
Answers
A joint venture can be considered as a beginning developer agreement because it can help a beginner developer to share the costs, risks and rewards with other parties involved.
A joint venture is a business arrangement in which two or more parties agree to pool their resources and expertise to achieve a common goal. It is a partnership between two or more businesses that join forces for a specific purpose, such as the development of a new product or service. Joint ventures allow businesses to share the costs, risks and rewards of a particular project. By pooling their resources and expertise, businesses can achieve greater success than they would be able to on their own. This is particularly beneficial for beginning developers who may not have the resources or expertise to undertake a project on their own. In a joint venture, each party contributes to the development process in a meaningful way, which can help to ensure the success of the project.
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in terms of the stock market, what does a "bear" believe?
Answers
In terms of the stock market, a "bear" is an investor or trader who holds a pessimistic or negative outlook on the market.
A bear believes that the prices of stocks or the overall market will decline or experience a prolonged period of downward trend. They anticipate that stock prices will fall, and they may actively engage in strategies to profit from these expected declines, such as short selling or buying put options.
Bearish typically base their beliefs on various factors, including fundamental analysis, economic indicators, market trends, or other factors that they perceive as negative for the market. Some of the reasons a bear may hold a negative view on the market include concerns about an economic recession, geopolitical instability, high valuations, overvaluation of specific sectors or stocks, poor corporate earnings, or unfavorable government policies.
Overall, bears expect the market to perform poorly, and they may take positions that benefit from declining stock prices or look for opportunities to sell stocks and exit the market. Their outlook is characterized by caution and a belief that stock prices are likely to decrease in the future.
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an investment adviser has a fee structure that states: assets under management annual fee 0 - $1,000,000 2.00% >$1,000,000 - $5,000,000 1.50% >$5,000,000 - $10,000,000 1.00% >$10,000,000 negotiable with client which statement is true about such an arrangement? a this is prohibited under nasaa rules because it favors customers with more assets under management b this is prohibited because advisers cannot have negotiable fees c this is permitted as long as the negotiated fee is less than 1% d this is permitted without restriction
Answers
This is permitted as long as the negotiated fee is less than 1% is TRUE about such an arrangement
What are Negotiated Fees?Negotiated fees are the sums that network dentists have consented to accept as full payment for services that are covered, less any co-payments, deductibles, cost-sharing, and benefit caps. Negotiated fees may be altered. A financial advisor cannot demand "unreasonable" fees. It is acceptable and reasonable to have a charge structure that lowers the fee % as the amount of assets managed increases. The adviser may also set negotiable fees, provided that they are fair and implemented consistently. As a result, the advisor may negotiate a cost for a client with $15,000,000 in assets to invest that is less than 1% (it could not be higher than 1% because doing so would result in the client being charged a higher fee than clients with lower investment amounts).The complete question is,
An investment adviser has a fee structure that states:
Assets Under Management Annual Fee
0 - $1,000,000 2.00%
>$1,000,000 - $5,000,000 1.50%
>$5,000,000 - $10,000,000 1.00%
>$10,000,000 Negotiable With Client
Which statement is TRUE about such an arrangement?
A. This is prohibited under NASAA rules because it favor customers with more assets under management
B. This is prohibited because advisers cannot have negotiable fees
C. This is permitted as long as the negotiated fee is less than 1%
D. This is permitted without restriction
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PROBLEM 3‐2 Consolidated Balance Sheet Workpaper LO 8 LO 9 On January 1, 2019, Perry Company purchased 8,000 shares of Soho Company's common stock for $120,000. Immediately after the stock acquisition, the statements of financial position of Perry and Soho appeared as follows: Assets Perry Soho Cash $ 39,000 $ 19,000 Accounts receivable 53,000 31,000 Inventory 42,000 25,000 Investment in Soho Company 120,000 Plant assets 160,000 110,500 Accumulated depreciation—plant assets (52,000) (19,500) Total $362,000 $166,000 Liabilities and Owners' Equity Current liabilities $ 18,500 $ 26,000 Mortgage notes payable 40,000 Common stock, $10 par value 120,000 100,000 Other contributed capital 135,000 16,500 Retained earnings 48,500 23,500 Total $362,000 $166,000 Required: Calculate the percentage of Soho acquired by Perry Company. Prepare a schedule to compute the difference between book value of equity and the value implied by the purchase price. Any difference between the book value of equity and the value implied by the purchase price relates to subsidiary plant assets. Prepare a consolidated balance sheet workpaper as of January 1, 2019. Suppose instead that Perry acquired the 8,000 shares for $20 per share including a $5 per share control premium. Prepare a computation and allocation of difference schedule.
Answers
Perry Company acquired 8,000 shares of Soho Company's common stock, which represents 80% (8,000 shares / 10,000 total shares) ownership in Soho Company.
To calculate the percentage of Soho acquired by Perry Company, we need to determine the ownership percentage based on the number of shares acquired.
Total shares outstanding before the acquisition: 10,000 shares
Shares acquired by Perry Company: 8,000 shares
Percentage acquired by Perry Company = (Shares acquired / Total shares) * 100
= (8,000 / 10,000) * 100
= 80%
Therefore, Perry Company acquired 80% of Soho Company.
To compute the difference between the book value of equity and the value implied by the purchase price, we compare the purchase price of the shares with the book value of equity.
Book value of equity is calculated as the total assets minus total liabilities.
Book value of equity for Soho Company:
Total assets = $166,000
Total liabilities = $26,000
Book value of equity = Total assets - Total liabilities
= $166,000 - $26,000
= $140,000
Value implied by the purchase price:
Purchase price of the shares = $120,000
Difference between book value of equity and value implied by purchase price:
Difference = Purchase price - Book value of equity
= $120,000 - $140,000
= -$20,000
The negative difference of -$20,000 indicates that the book value of equity is higher than the value implied by the purchase price.
To prepare the consolidated balance sheet workpaper as of January 1, 2019, we need to combine the financial information of Perry and Soho Companies.
Consolidated Balance Sheet Workpaper as of January 1, 2019:
Assets:
Cash: $39,000
Accounts receivable: $53,000
Inventory: $42,000
Investment in Soho Company: $120,000
Plant assets: $160,000
Accumulated depreciation—plant assets: ($52,000)
Consolidated plant assets: $108,000 ($160,000 - $52,000)
Total assets: $342,000 ($39,000 + $53,000 + $42,000 + $120,000 + $108,000)
Liabilities and Owners' Equity:
Current liabilities: $18,500
Mortgage notes payable: $40,000
Common stock, $10 par value: $120,000
Other contributed capital: $135,000
Retained earnings: $48,500
Total liabilities and owners' equity: $362,000 ($18,500 + $40,000 + $120,000 + $135,000 + $48,500)
Perry Company acquired 80% of Soho Company's common stock. The book value of equity exceeded the value implied by the purchase price by $20,000. The consolidated balance sheet workpaper combines the financial information of Perry and Soho Companies to provide a comprehensive view of the combined entity's assets, liabilities, and owners' equity.
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higgins enterprises is accepting notes receivable from four customers for $18,000 each. which customer will end up paying the least in interest, assuming all individuals pay in full on the maturity date?
Answers
Answer:
328.5
Explanation:
18000*annual interest rate*days/360
18000*7.3%*90/360 = 328.5
Based on the amount accepted as notes receivables and the interest rates, the individual that will pay the least interest is Individual 3.
Individual 1: Individual 2:
= Amount x Interest x Period / year = 18,000 x 5.98% x 1 year
= 18,000 x 6.75% x 4/12 months = $1,076.40
= $405
Individual 3: Individual 4:
= 18,000 x 7.3% x 90/365 days = 18,000 x 7.15% x 8/12 months
= $324 = $858
In conclusion, Individual 3 will pay the least interest.
The customers in question are:
A. Individual 1 has an annual interest rate of 6.75% and a maturity date of four months.
B Individual 2 has an annual interest rate of 5.98% and a maturity date of one year.
C Individual 3 has an annual interest rate of 7.3% and a maturity date of 90 days.
D. Individual 4 has an annual interest rate of 7.15% and a maturity date of eight months.
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Recall the four reasons some people favor trade restrictions. Give an example from the U.S. economy that you think best fits each reasons
Answers
Answer: See explanation
Explanation:
Trade restrictions simply means a way of protecting the local industries. This can be through imposition of tariffs on foreign goods, use of quota etc. The importance of trade restrictions are:
1. Trade restrictions are important in the protection of the infant indutries, that is, the young industries in a country that are just growing.
2. Trade restrictions is necessary to prevent dumping of goods. This mean selling of goods at lower prices or of low quality in a country. This gives such products an unfair advantage over other goods produced in the home country.
3. Trade restrictions is vital on order to protect the strategic indutries.
4. Trade restrictions is also vital in order to protect the jobs of the people in the country. When goods are imported rather than supporting local businesses, this can lead to unemployment as workers will lose their jobs.
economists view pollution as an economic problem that arises because a. firms that pollute do not pay the full social cost of producing their output. b. the level of pollution declines as the economy grows. c. private enterprises always minimize the amount of pollution produced. d. profitable firms rarely pollute.
Answers
Economists view pollution as an economic problem that arises because:
A. firms that pollute do not pay the full social cost of producing their output.What is pollution?It is the process by which toxic substances are introduced into the environment which cause damage to health and nature.
Within companies, it is the sum of the resources used to produce a good or social cost. When these are not paid for, natural resources are used, which is when environmental pollution occurs; in addition, the large production of inputs allows companies to consume more goods and services, such as the exploitation of natural resources.
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Which of these options for saving money typically offers the most liquidity?
A. Savings bond
B. Savings account
C. Certificate of deposit
D. Money market account
Answers
Answer:savings account
Explanation:
Answer:
B. Savings account
Explanation:
which kpi will executives be more responsive to
Answers
The KPI (key performance indicator) that executives will be more responsive to will depend on the company's specific goals, objectives, and industry.
However, in general, executives tend to be more responsive to KPIs that are directly related to the company's financial performance and overall success. Some examples of KPIs that executives are typically more responsive to include:
Revenue, Revenue is a measure of the company's sales and is a critical indicator of financial performance.
Gross Profit Margin, Gross profit margin is the amount of profit a company earns on each sale after deducting the cost of goods sold. A higher gross profit margin indicates better profitability.
Net Income, Net income is the amount of profit a company earns after deducting all expenses, including taxes.
Return on Investment (ROI), ROI is a measure of the return earned on an investment and is a key indicator of the company's profitability and financial success.
Customer Acquisition Cost (CAC), CAC is the cost of acquiring a new customer and is an important metric for companies looking to maximize their marketing and sales efforts.
Customer Lifetime Value (CLV), CLV is the total value a customer will bring to the company over their lifetime, and is an important metric for companies looking to build strong customer relationships and maximize customer loyalty.
Ultimately, the KPIs that executives are most responsive to will depend on the company's specific goals and objectives, as well as the industry and market conditions in which the company operates.
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In a freehold estate what describes when the ownership includes all immovable structures attached to the land such as buildings, trees, and underground resources?
Answers
There are different kinds of estate. In a freehold estate immobility describes when the ownership includes all immovable structures attached to the land such as buildings, trees, and underground resources.
Freehold estates is known to be made up of 2 components. They are:
immobility: This is simply the ownership of all immovable structures that is attached to land. An indefinite ending: This is known to stay or exist for a lifetime.Freehold estates are simply known to be a type of estates that has indefinite lifetime and it can exist for a lifetime or forever.
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COMPARE and contrast the terms scarcity and shortage and provide examples of each.
Answers
Answer:
Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.
Can I Plss get some help on this
Answers
If the unemployment rate is 10%, the relevant fiscal policy action would be to A. increase government spending.
Why should we increase government spending?When government spending is increased, it would lead to more jobs in the economy as the government hires people for projects.
Unemployment would also decrease as companies hire more people to produce as they receive more demand based on the increased government spending.
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true or false: a researcher who does not first understand the client’s business runs the risk of asking questions about a transaction that are not informed. true false
Answers
The statement that a researcher who does not first understand the client’s business runs the risk of asking questions about a transaction that are not informed is true.
What is the justification?It is true that a researcher faces the danger of asking uninformed questions regarding a transaction if they do not first fully comprehend the client's industry.
When a client fails to meet its goals regarding the accuracy of financial statements, the efficacy and efficiency of operations, as well as compliance with applicable legal rules, client business risk develops.
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You can buy life insurance for anyone. True or false
Answers
Answer:
False
Explanation:
Answer: False
Explanation:
Happen if the pie maker bakes a seventh pie? the marginal cost will most likely decrease to $1.00 the marginal cost will most likely increase to $2.00 the marginal revenue will most likely decrease to $8.00. the marginal revenue will most likely increase to $12.00.
Answers
The pie graph displays the marginal cost and marginal revenue of making apple pies. The marginal income will probably fall to $8.00. The marginal cost is the difference in costs incurred by producing only one additional unit.
What are a few examples of pie graphs?An illustration of numerical proportion that is circular and divided into slices is called a pie chart. Each slice's arc in a pie chart corresponds to the amount it represents in terms of length. An example of this sort of graph is a pie chart, which divides its data into sectors to depict each sector's data separately from the total data in a circular pattern. The proportionate piece of the whole is represented by each of these segments or slices.
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Answer: C correct
Explanation: The marginal revenue will most likely decrease to $8.00.
Which of the following statements is CORRECT?a. Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk.b. A large portfolio of randomly selected stocks will have a standard deviation of returns that is greater than the standard deviation of a 1-stock portfolio if that one stock has a beta less than 1.0.c. A large portfolio of stocks whose betas are greater than 1.0 will have less market risk than a single stock with a beta = 0.8.d. If you add enough randomly selected stocks to a portfolio, you can completely eliminate all of the market risk from the portfolio.e. A large portfolio of randomly selected stocks will always have a standard deviation of returns that is less than the standard deviation of a portfolio with fewer stocks, regardless of how the stocks in the smaller portfolio are selected.
Answers
Answer:
a. Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk.
Explanation:
Diversifiable risk can as well as be regarded as unsystematic risk, it is specific risk of a firm which impacts the price of the stock of individual rather than affecting the industry as a whole or sector where the the firm is carrying out it's operation. It a risk whereby there is possibility that change in the price of a security will be experienced because of the specific characteristics that the security have. It should be noted that Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk.
To _____ is to modify or improve upon code.
propriate
tweak
kernel
debug
Answers
In the Basic 4 Block SWOT (Strengths, Weaknesses, Opportunities, and Threats) which of these is considered to be a weakness? (A) Decreased customer esteem (B) Competitor technology (C) Limited history with manufacturing a particular technology (D) Declining market
Answers
In the Basic 4 Block SWOT (Strengths, Weaknesses, Opportunities, and Threats), a) decreased customer esteem is considered to be a weakness.
What is SWOT analysis?SWOT analysis is a planning tool that businesses use to identify their strengths, weaknesses, opportunities, and threats. By examining these elements, companies can determine the most effective approaches to achieve their objectives. SWOT analysis helps businesses to align their goals and strategies with their internal and external environments.
In the Basic 4 Block SWOT, decreased customer esteem is considered to be a weakness. Therefore, option (A) is correct. A weakness is any aspect of a company that hinders its ability to achieve its goals. In this situation, decreased customer esteem could lead to a decline in revenue and an increase in customer attrition.
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PLEASE HELP
1. What is the name of the company? (1.0 points)
2. Is this mainly a product-based or service-based business? (1-2 sentences. 2.0 points)
3. What products or services is the company best known for? (2-3 sentences. 2.0 points)
3. Where does this company sell its products or services? (2-4 sentences. 2.5 points)
4. Describe at least two of this company's competitors. (2-4 sentences. 2.5 points)
5. How did the entrepreneur make the business different from other companies, especially its competitors? Describe at least one way. (2-4 sentences. 2.5 points)
6. What things has the entrepreneur or company done to help the community? Describe at least one example of this. (2-4 sentences. 2.5 points)
7. Why do you think this company became successful? Describe at least one reason. (2-4 sentences. 5.0 points)
8. What challenges has the company faced? Describe at least one challenge. (2-4 sentences. 5.0 points)
Answers
Based on the information given, the company that's chosen is Tesla and it's a product-based company.
What is Tesla?The company is known for producing electric cars. It's different from its competitors as it produces electric vehicles and uses better softwares.
The company sells its cars worldwide. The competitors include Volkswagen and Toyota. Tesla has helped the environment as it accelerates the transition to sustainable energy
Lastly, the main challenge faced by the company is rising material costs.
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can the combined profits of oligopolistic firms ever be higher than those of a monopoly with the same costs as those of the firms combined?
Answers
No, a combined profit or loss of oligopolistic firm can never be higher than those of a monopoly with the same costs as those of firms combined.
What is an Oligopoly Firm ?An oligopoly is a establishment characterized by a small number of enterprises who realize they're interdependent in their pricing and affair programs. The number of enterprises is small enough to give each establishment some request power. Oligopoly is distinguished from perfect competition because each establishment in an oligopoly has to take into account their interdependence; from monopolistic competition because enterprises have some control over price; and from monopoly because a monopolist has no rivals.
In general, the analysis of oligopoly is concerned with the goods of collective interdependence among enterprises in pricing and affair opinions.
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