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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Answer:
In this environment the largest empire to ever exist helped one of the most influential trade routes in the world, known as the Silk Road, to flourish. This route allowed commodities such as silk, pepper, cinnamon, precious stones, linen, and leather goods to travel between Europe, the Steppe, India, and China.The resulting stability brought by Mongol rule opened these ancient trade routes to a largely undisturbed exchange of goods between peoples from Europe to East Asia. Along the Silk Road, people traded goods such as horses, porcelain, jewels, silk, paper, and gun powder
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