Home › Bihar Board Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Goodwill › Monopoly or limited competition raises a firm's …
Monopoly or limited competition raises a firm's goodwill under which factor?
AMarket situation
BLocation of firm
CSpecial advantages
DNature of business
Answer & Solution
Correct answer: A. Market situation
Little competition lets a firm earn high profits, so market situation increases goodwill.
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