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Romashka [77]
3 years ago
10

Question #1

Business
1 answer:
Allisa [31]3 years ago
5 0

Answer:

Oligopoly.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

1. Mutual interdependence between the firms.

2. Market control by many small firms.

3. Difficult entry to new firms.

According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.

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Explanation can be seen in the file attached.

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8 0
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Answer: The new confidence index is 0.7143

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3 years ago
After 160 customer reviews for the hotel, 65% were Excellent
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2 years ago
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