A duopoly is a market structure in which two firms dominate the market. The two firms may be identical or they may produce different products. The duopoly may be protected by government regulation or it may arise spontaneously due to the industry structure. There are several types of duopoly. The first type is known as … Read more

Deferred Credit Definition.

A deferred credit is an accounting entry that delays the recognition of revenue until a later accounting period. The most common type of deferred credit is a deferred revenue credit, which is used to record revenue that has been received but not yet earned. In accrual basis accounting, revenue is recognized when it is earned, … Read more