On January 1, Piccolo Company had a balance of $480,000 in its Common Stock account ($10 par value). On April 1, the company issued an additional 2,000 shares of common stock. On July 1, Piccolo Company declared a 10% stock dividend. Then on October 1, the company announced a 2-for-1 stock split. On December 1, the company then declared a $.50 per share cash dividend. How much will be debited to Cash Dividends account to reflect the December 1 dividend declaration

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.