An industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making-price output decisions, is called a. monopolistic competitionb. oligopolyc. pure monopolyd. pure competition

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)