<span>Because of the 2010 Census results, states in the South and West gained representation in Congress.</span>
Oligopoly is a market structure of few sellers, where few firms dominate the whole market. Sellers are the main supplier and gain all the output of market. Now let us see what are the elements which enable the oligopoly.
Large investment capital:
A new entry is a ban in oligopoly structure because of very heavy investment. A new entry may have fear of cost maintenance because of established firms because it is true that in midst of product it is difficult to make a new product.
Absolute cost advantage:
Small firms always have an absolute cost advantage on raw material, training, techniques, natural resources, economic resources, where new entrants cannot survive and small firms earn a profit even in low price.
Small firms have strong marketing chain and network. As new entry comes, they compete them out through different strategies.
Product differentiation:
Small firms get an advantage of product differentiation. Buyers develop the loyalty to the brand so for new entry it is very difficult to compete for a brand and gain customer loyalty until unless they make any superior thing than that brand.
Mergers:
Modern businesses now have learned to merge to eliminate competition.
Doing this, the number of firms decline, profit increases and oligopolies are established.
Informal collusion:
Mergers are formed but mergers have some constitutional complexities. So to avoid the law complications most firms have informal agreements between them to earn the profit and get rid of law bindings.
A practical benefit of Content curation is that it requires little in the way of resources
Explanation:
Content curation is the skill of assembling analogous, related topic and presenting it in an organized manner. It does not developing original content but collecting the related and relevant content from various resources and specifying in a sequential and well-designed that suits the taste and preferences of the online viewers.
Videos, articles and website which we often book ark are types of content curation which we do without exactly knowing it in depth. Curated content differs drastically from content creation. Curation is gathering selective content to increase the search engine optimization and content creation is developing original content without any aspect of plagiarism in it.
Answer:
Technically, a black market is unregulatable because it exists outside of government regulation. Usually due to price controls or bans on goods and services. The only way to regulate black market items is to legalize it and then regulate trade from there.
Explanation:
