When the light bulb industry becomes a competitive market, the price of the light bulb will decrease. This is due to the fact that the industry will no longer monopolize the production of light bulb, other competitors will bring their product to the market. Thus, this will result to competition which will bring the prices lower since consumers will opt to buy lower prices of the same product.
Federalism describes the system of shared governance between national and state governments. The states and the federal government have both exclusive and concurrent powers, which help to explain the negotiation over the balance of power between them.
Answer:
The correct option is;
1955 to 1970
Explanation:
In the two decades after 1950 the marine and inland fisheries growth rate was 6 % per year reaching 56 million tonnes in 1969 from 18 million tonnes in 1950. There was a reduction in growth rate to 2 million tonnes to 2 % per annum reducing further to about 0 % in the 1990s.
The above trend is consistent with most world's fishing areas, as they reached their captured fisheries production maximum potential.
On the other hand, aquaculture production growth rate has increased from 5% per annum between 1950 to 1969 to 10% per annum in 1990 forward.
