Which One of These Is Not a Characteristic of a Concentration

question 41

Multiple Choice

Which one of these is not a characteristic of a concentration system of collections?

• A) All surplus funds are electronically transferred to a centralized account.
• B) Check clearing times are increased.
• C) Customer payments are directed to a local collection center.
• D) Collection time is reduced.

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Definitions:

Short-Run Equilibrium

A state in the economic short term where demand equals supply, and there are no external forces prompting change.

Monopolistically Competitive

Describes a market structure where many companies sell products that are similar but not identical, leading to competition based on product differentiation.

Average Total Cost

is the total cost of production (fixed and variable costs combined) divided by the quantity of output produced.

Economic Profits

Represents the difference between a firm's total revenues and its total costs, including both explicit and implicit costs.