Answer:
this situation can be classified as an duopoly
Explanation:
An duopoly is similar to a monopoly but instead of only supplier there are two suppliers that share total market power and control. Both companies also offer basically the same product or service. Competition exists between the companies but it is not significant, both companies decide to coexist. Customers are forced to choose between one company or the other.
In this case, there are only two taxi companies and the customers really don't care what company they use since they both offer similar services. None of the companies even bothers to offer a better service to try to gain a larger market share.
Uhm financial crisis, poverty, homelessness, debt, etc...
Answer:
Contraction cycle or Recession
Explanation:
The cyclical unemployment is due to the cycles of economy ( expantion:Grow and contraction: recession) Under these circumstances unemployment is considered normal as the economy cannot sustain itself always in an expansion cycle.
Answer:
Housing - $1080
Transportation $720
Food - $ 540
Insurance- $252
Savings- $360
Other - $648
Explanation:
The total money earned by both Barry and Cheri is $3,500 + $ 100 = $3600
Housing 30% ____0.3 * 3600_____ = 1080
Transportation 20% ___0.2 * 3600______= 720
Food 15% _____0.15 * 3600____= 540
Insurance 07% ___0.07* 3600______= 252
Savings 10% ___0.1* 3600______= 360
Other 18% ____0.18 * 3600_____ = 648
