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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Peasants grew the crops and tended the livestock. They usually rented land from lords of manors. They pay their rent to these lords in the form of either livestock or harvest. They made money by selling the surplus they produce, so that they can buy goods that they need. Eventually, if they make enough surplus and sell them, they can pay off the Lord with cash, instead of just livestock and harvest, which is more convenient both for the lord and the peasant.
Sometimes, poorer peasants who cannot afford to rent land work for wealthier peasants, so that they can help they can help the wealthier peasants pay the lord, make money and also make money themselves without paying a lord.
Answer:
D.
Explanation:
The Hawthorne Effect was developed by researcher Henry A. Landsberger, in the 1950s. The effect derived its name from the place where Landsberger performed the research.
<u>The Hawthorne Effect is a term used to refer to the ability of people of working hard and giving better performance. When a person becomes a participant in an experiment, according to this effect, the person or the participant tends to perform better and even work harder than before</u>.
The given scenario is an example of the Hawthorne Effect, where Ursula is working harder and giving better performance when under the observation of researchers.
