The D-Lite Corporation Produces a Unique Type of Light Bulb

question 177

Multiple Choice

The D-Lite Corporation produces a unique type of light bulb that is used in refrigerator manufacturing.D-Lite is the only maker of this light bulb,and there are no close substitutes for it.In this case,the D-Lite Corporation would be

• A) an oligopoly.
• B) a monopoly.
• C) involved in monopolistic competition.
• D) involved in perfect competition.
• E) involved in a perfect oligopoly.

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Definitions:

Plant Assets

Long-term tangible assets used in the production of goods and services, such as machinery, buildings, and equipment.

Accounting Period

The specific period of time covered by financial statements, typically a year or a quarter, for which all financial transactions are recorded and reported.

Straight-line

A method of depreciation that allocates an equal expense rate to each year of an asset’s useful life.

Accelerated Methods

Depreciation methods that allocate more depreciation expense to the earlier years of an asset's life.