Answer:
----Either similar or identical products --------Difficult entry
----Mutual interdependence
Explanation: An Oligopolistic market is a market characterized by few sellers of large firms who sell either similar or differentiated products. Here, Each firm is mutually interdependent as any action from any firms influences the actions of the rest of the competing firms , therefore decisions are made using strategic planning and consideration as competing firms are ready to counter react to any change in any new market action.
Market entry is difficult Because of the already established customer base of the successful operating firms dominating the market.Also venturing into the market requires high capital, technology or additional government licences. Examples of Oligopolistic firms are oil and gas firms, airlines, mass media etc
<span>If 6 people meet and shake hand with each other. First person
will shake hand with other 5, second person had already shaked hand with 1st person and shake hand with other 4, and
so on…</span>
So, the total no. of handshakes=
5+4+3+2+1=15 shakes
The other way to calculate
this is by the formula n (n+1)/2
Where n is the no. of shake
hands by very first person and that is 5.
So, the total no. of handshakes=5(5+1)/2
= 5(6)/2
=30/2
=15 shakes
<span>This would be a prenuptial agreement. This type of agreement is often referred to as simply a prenup. It is a contract that is entered into before marriage or any other civil union. The content of it often varies but generally covers provisions for how to divide property and spousal support should the parties split. It may also include terms for how assets will be split if the union dissolves.</span>
A firm maximizes its profitability when it<u> "configures its internal operations to support the position selected by it on the efficiency frontier".</u>
In economics, profit maximization is the short run or long run process by which a firm may decide the value, information, and yield levels that prompt the best benefit.
The general guideline is that the firm maximizes profit by delivering that amount of yield where negligible income breaks even with peripheral expense. The profit maximization issue can likewise be drawn closer from the information side.
