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Engg.
Economics
This occurs in a situation where a commodity or
service is supplied by a number of vendors and
there is nothing to prevent additional vendors
entering
market.
A.
Perfectthe
competition
B. Oligopoly
C. Monopoly
D. Elastic demand
These are product or services that are required
to support human life ad activities that will be
purchased in somewhat the same quantity
even though the price varies considerably.
A. Utilities
B. Necessities
C. Luxuries
D. Product goods and services
Quick assets_____
Current liabilities
B.
Net credit sales___
Average net receivables
C. Gross profit____
Current liabilities
D. Gross profit__
Net sales
Net income__
Owners equity
B.
Net credit sales___
Average net receivables
C. Gross profit____
Current liabilities
D. Gross profit__
Net sales