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: When the cars are allowed to park anywhere
Explanation: What is Entropy? This is a situation of disorderliness. An entropy can be high or low. An entropy is high when an area or a place is in chaos. while a low entropy is a state of orderliness.
The parking lot that contains 50 cars will have a higher entropy when the place in chaos or dis orderly that means when cars are parked anywhere in the park without a sense of orderliness while the entropy will be low if the cars are packed in an orderly manner.
The emotional volatility of Lee best illustrates the spillover effect. In addition, the spillover effect model is used in psychological research to assess the influence of the work domain on the home domain and accordingly the transfer of work associated emotions from the employee to others at home which is mainly the partner. The means in which wellbeing can be transported have been characterized by two diverse mechanisms which are spillover and crossover.
