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maw [93]
2 years ago
10

An oligopoly exists when there is a lot of variety in the number of sellers and producers of media content, but not much variety

in what they actually produce.
Business
1 answer:
Alex73 [517]2 years ago
5 0

An oligopoly does not exist when there is a lot of variety in the number of sellers and producers of media content.

What is an oligopoly-

An Oligopoly is a type of market in which :

  • Few numbers of buyers and sellers.
  • High capital cost to entry in the market.
  • Similar but slightly different products. (eg. Cold drink companies)
  • Entry may be restricted to a few firms
  • there can be informal cartels within the existing firms which do not allow others to come in.
  • The action of one firm has an effect on the whole market, this will leads to a prisoner's dilemma.

An example of an oligopoly market is - the Organisation of petroleum exporting countries(OPEC).

Disclaimer- The Question is incomplete the question may be "An oligopoly exists when there is a lot of variety in the number of sellers and producers of media content, but not much variety in what they actually produce. Is this statement true or false?"

To learn more about the types of markets please click on the link

brainly.com/question/24877850

#SPJ1

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most multi national organisations like Coca cola,Amazon,McDonald,Nestle all use market oriented approach, they strategically determine the needs of customers before designing products

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3 years ago
How a society's culture affects the values found in the workplace is considerably important to an international business with op
sergejj [24]

The correct answer to this open question is the following.

How a society's culture affects the values found in the workplace is considerably important to an international business with operations in different countries.

Answer:

Society has a series of elements that identify it due to its culture, beliefs, and traditions. These elements are part of the workplace in that employees and employers have a way to relate to each other in different moments, according to the culture and philosophy of the company.

So when a multinational company starts operations in another country, it has to be very aware of the culture, belief systems, and traditions of the people in that new country.

This is of the utmost importance to avoid misunderstandings. There has to be a kind of fusion of cultures to create a new one that serves the goals of the company, understanding ad respecting the local culture.

Without this understanding, the company is prone to have a bad mood, opposition, and negative attitudes from employees.

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Employees at House of Pancakes pretend that they like their boss even though most of the time they do not. These employees are e
tia_tia [17]

Although they frequently don't, House of Pancakes employees pretend to like their employer. These workers are performing emotional labor known as surface acting.

When someone engages in surface acting, they don't truly strive to experience the emotions they want to portray; instead, they fake the necessary feelings. They might put on "false smiles" or other necessary emotional displays that don't accurately represent how they really feel.

You are surface acting if you feel one feeling and try to express a different one. Imagine you have a stressful commute and arrive at work. Even though you're still not in a particularly good mood, you might put on a false smile for a coworker as you get your morning brew.

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