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.
The Abilene cattle trail started by cattle baron Joseph McCoy became the Chisholm trail that was the most direct route from Texas to abilene.
Answer:
She didn't include a written statement on the CMA's first page that clarified that it wasn't an appraisal
Explanation:
Licensees must include a specific "Competitive Market Analysis Disclosure" statement conspicuously and on the CMA's first page. The exact wording of the statement can be found in the "Relations to Clients" section of the Maryland Code of Ethics.
Answer: Rights to bear arms (Second amendment) and the rights to prevent soldiers from invading an owner’s property without the consent of the owner.
There are many rights that are granted by the United States Constitution and the Bill of Rights.
There are ten rights that are guaranteed by the Bill of right and the U.S. Constitution; The Bill of right and the Constitution of the United States include rights such as *the right to bear arms*, meaning the people have the rights to own weapons to defend themselves; and there is another example, such as the first amendment which prevents the government from making laws which regulate an establishment of religion, prohibit the free exercise of religion, or abridge the freedom.
Answer:
The juvenile will be questioned without support
