Which of the Following Would Not Help Identify Market Structure

question 196

Multiple Choice

Which of the following would not help identify market structure?

• A)number of firms in the industry
• B)type of product produced in the industry
• C)ease of entry into the industry
• D)forms of competition among firms in the industry
• E)price of the good

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Definitions:

Accrued Salaries

This refers to wages that have been earned by employees but have not yet been paid by the company.

Revenue Journal

A specialized accounting journal used to record the sales of goods and services and revenue generated.

Accounts Receivable

This term represents money owed to a business by its clients for goods or services delivered but not yet paid for.

Controlling Account

A general ledger account that summarizes the total amounts listed in a subsidiary ledger.