True This allowed them to develop new trading and merchants
Answer: the industry that most closely approximates the conditions of the oligopoly model is airlines.
Explanation: oligopoly is a market situation made up of small entities which are independent in their working and they do not have any influence on each other. airlines industries and automobiles industries are two well known examples of oligopoly markets.
In oligopoly markets:-
- industry is dominated by small number of sellers sellers are aware of each others action
- decision of one firm effect the decisions of other firms
- they are concentrated less in monopoly more in competitive system
- increasement of interdependence
oligopoly is a market situation in which small number of firms who together have substantial influence over a certain industry or markets.
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Tressa and Arnold are playing at recess and they decide to create a new game. they work out the rules, get a few other kids involved, and have fun with this project of theirs. their coordinated efforts are an example of cooperation.
One of the types of organizational skills is collaboration, which essentially refers to the group in order to work together to accomplish the intended goals of an organization.
Tressa and Arnold both decide to develop a new game together in response to the issue, and they each enlist a few children in their projects. Their coordination of efforts is one illustration of cooperation.
The fundamental advantage of collaboration is that each work is given to a team member, which reduces complexity and boosts production in a company.
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Mathematics was the tool which scientists used to prove their theories and ideas. Mathematics was able to prove whether an idea a certain scientists had was correct or whether it was wrong. With this they wre able to advance the field very rapidly.
