General motors operates several divisions in supplying cars, trucks, vans, and suvs to its customers. each division engages the usual business participants, overlaps management functions with other divisions, and works in basically the same functional areas as all of the others. chevrolet, pontiac, oldsmobile, cadillac, saturn, and gmc trucks are among the company's product lines. its few major competitors include ford, daimlerchrysler, nissan, honda, and toyota. each automaker sells a large portion of all the products sold in the marketplace, and each differentiates its product lines. if the automobile industry included many rather than few manufacturers of differentiated their products, we might conclude that it was characterized by conditions.
(a) bipolistic
(b) monopolistic
(c) multipolistic
(d) none of the above

A. economic resources to be used or turned into cash within one year. b. reports assets, liabilities, and stockholders' equity. c. decrease assets; increase liabilities and stockholders' equity. d. increase assets; decrease liabilities and stockholders' equity. e. an exchange or event that has a direct and measurable financial effect. f. accounts for a business separate from its owners. g. the principle that assets should be recorded at their original cost to the company. h. a standardized format used to accumulate data about each item reported on financial statements. i. the basic accounting equation. j. the two equalities in accounting that aid in providing accuracy. k. the account credited when money is borrowed from a bank using a promissory note. l. cumulative earnings of a company that have not yet been distributed to the owners. m. every transaction has at least two effects. n. amounts presently owed by the business. transaction, separate entity assumption, balance sheet, liabilities, assets, current assets, notes payable, duality of effects, retained earnings, debit.

Explain id there is excess supply or demand of goods at the equilibrium price and why? in sentences

This is a mode of writing whose purpose is to convey information or to explain and establish the validity of an idea in a logical, clear, and concrete manner. (no space between words)