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.
Reluctant liberal is the correct answer.
A reluctant liberal, also known as fair-weather liberal, is defined as a person who discriminates even though he/she does not have personal prejudice. When the owner of the car dealership is not prejudiced, but ends up discriminating because there's social pressure that makes him do so, he is acting as a reluctant liberal.
Answer:
Many of the Western missionaries in Africa took a patronizing attitude towards the local populations and their cultural beliefs. The Westerners saw traditional African cultures as backward or even "savage" in some cases.
Explanation:
Unfortunately, Westerners and by extension many missionaries who traveled and performed their mission work in Africa did not have a good understanding of the native culture there and they saw it as backward and in need of development. They were being ethnocentric in the sense that the Western missionaries held their own belief system in higher esteem and effectively devalued the belief systems that were present in Africa at the time and that had been indigenous to different regions of Africa and African cultures for centuries in some cases.
Rich Romans-
Breakfast consisted of <span>salted bread, eggs, cheese, honey, milk and fruit.
Lunch would be the same thing as breakfast, but they would sometimes add </span><span>meat, fish or a vegetable.
Dinner would have many courses. First, an egg dish, the main course would consist of some sort of meat ( if they were very rich, maybe a peacock or ostrich, or something exotic like sea urchins or raw oysters)
They enjoyed apples, dates, and nuts.
They encorporated sauces like vinegar, honey, and exotic spices</span>
