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.
Online shopping has been influenced by the increased availability of <u>smartphones.</u>
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<h3><u>What exactly is purchasing online?</u></h3>
Online shopping is a type of electronic commerce that enables customers to make direct purchases from sellers over the Internet using a web browser or a mobile application. Customers can find an item of interest by going to the retailer's website directly or by utilizing a shopping search engine to look for other vendors.
Shopping search engines show customers the availability and cost of an item at other online merchants. Customers will be able to purchase online by 2020 by utilizing a variety of computers and gadgets, such as desktop and laptop computers, tablets, cellphones, and laptops.
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Learn more about online shopping with the help of the given link:
brainly.com/question/13765445
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Answer:
Research has found that some aspects of an individual’s disposition are significantly associated with some aspects of job satisfaction, such as having autonomy or receipt of rewards. A)True
Explanation:
To understand this answer we have to analyze this topic from a behavioral perspective. First of all, Job satisfaction is a condition. It means that needs are satisfied in work areas. For needs to be satisfied all the context has to create a subject's satisfaction. In other words, we can control the environment in which the subject interacts. So, if we control the environment by providing positive reinforcement by the means of sophisticated rewards. We are conducting a behavioral technique to satisfy their needs to make them enjoy their job. So this answer is true.
Answer: Misinformation effect
When subsequent information distorts our memory of a previous experience, this is known as misinformation effect.
Explanation:
Misinformation effect is a phenomenon that occurs when a memory of a person is less accurate which is usually caused by post event information. Also, misinformation effect can result to memory impairment as a result of being exposed to misleading information from the past. Furthermore, misinformation effect usually causes false memories or inaccurate memories.
