The market for breakfast cereals is dominated by a few large corporations. Each corporation produces a high volume of breakfast cereals and takes advantage of economies of scale to produce the breakfast cereals efficiently. This allows them to sell the products at a price that smaller firms cannot, because the smaller firms would not make a profit. What type of market structure is the market for breakfast cereals?

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na