Both Empirical Evidence and Everyday Observation Suggest That Oligopolies Contribute

question 22

Multiple Choice

Both empirical evidence and everyday observation suggest that oligopolies contribute to economic growth in the very-long-run by

• A)achieving allocative efficiency.
• B)consistently producing at full-capacity output.
• C)achieving technological improvements and innovations through research and development.
• D)decreasing minimum efficient scale.
• E)rarely laying off workers.

Know the proper treatment of business transactions (increases and decreases) in the double-entry system.

Understand the effects of business transactions on the accounting equation.

Organize and assign account numbers in a ledger following a systematic approach.

Prepare and correct trial balances ensuring they reflect the normal balance of accounts accurately.

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