In a Particular Town,Metrovision and Cableview Are the Only Two

question 72

Multiple Choice

In a particular town,Metrovision and Cableview are the only two providers of cable TV service.Metrovision and Cableview constitute a

• A) duopoly,whether they collude or not.
• B) cartel,whether they collude or not.
• C) Nash industry,whether they collude or not.
• D) monopolistically competitive market if they charge the same price.

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Definitions:

Double-Entry Accounting

An accounting system that records each transaction with equal and opposite effects in at least two different accounts, ensuring accuracy.

Debits and Credits

The fundamental elements of accounting that represent the entries made in accounts to reflect increases or decreases in balances.

Memorized Transactions

Transactions that are saved in the accounting system for future use, allowing for quick recording of recurring expenses, invoices, or payments.

Saved Transactions

Transactions that have been recorded and stored in a financial system for future reference or use.