There are two producers of water heaters that together are the sole providers to a large community. The executives of these companies meet to set minimum prices and production levels. By doing so, they ensure that they each will make a higher profit than they would in a free market. This is an example of a <u>Duopoly
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<u>Explanation:</u>
Duopoly is a kind of Oligopoly where a market is dominated only by few producers. In this case it is dominated by two producers hence it is duopoly. It means that these two producers only influence the market. They maintain a mutual relationship with each other and they powerfully dominate the industry.
It is marketed in a way that the computers are let to choose between either of these two products. To quote as an example we can take Apple and Android which works hand in hand. Price fixing is the important tool that they use to catch the market which will be difficult for a small firm producer to opt for.
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Answer:
They're less welcomed
Explanation:
At that time, many traders from western nations (most notably Britain) came to China and sold various type of goods. Opium is one of the most popular product in Chinese market at that time.
This created massive addiction problems which destroy China's economic productivity. The western merchants on the other hand, accumulated large amount of wealth from this trades. As a result, a lot of hostilities toward foreigners started to build up during the Tang Dynasty.
For checks and balances, so each branch can have equal power. (e.g. the president's cabinet doesn't get more power than the justices)
Answer:
It leads to an experience of catharsis, which is a relieving of emotional trauma
Explanation:
A psychoanalyst's aim would be to bring thoughts and feelings that have been buried to the conscious mind in order for these experiences to be examined. In this light, psychoanalyst believes that if the original stressor is examined, it can lead to an experience of catharsis, a feeling of relieving repressed emotion.
