Classify each statement about types of market structure as either true or false. monopolies produce differentiated products. monopolistic competition is a market structure that consists of a small number of producers. perfect (pure) competition is characterized by product differentiation. oligopolies exist in a market that has a small number of producers that may or may not exhibit product differentiation.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?