If oligopolists engage in collusion and successfully form a cartel, the market outcome is the same as a monopoly.
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What is oligopoly?</h3>
Oligopoly markets are markets dominated by a small number of suppliers.
Oligopoly is a form of imperfect competition and is usually described as the competition among a few.
Hence, Oligopoly exists when there are two to ten sellers in a market selling homogeneous or differentiated products.
A good example of an Oligopoly is the cold drinks industry.
They can be found in all countries and across a broad range of sectors.
Some oligopoly markets are competitive, while others are significantly less so, or can at least appear that way.
Some of the most notable oligopolies in the U.S. are in film and television production, recorded music, wireless carriers, and airlines.
To learn more about Oligopoly markets, refer
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Answer: cost
Explanation: In simple words, cost refers to the total amount of resources used by an organisation for preparing its relative commodity to sell it to the ultimate customer. It is the sum of expenses incurred for the generation of revenue.
It is the total outflow of resources,therefore , the producers often use it for setting prices so that they can generate the amount of profit they are targeting for.
Hence we can conclude that the correct answer is cost.
Answer:
b. Philip Adams, by Alice Jackson, his attorney in fact
Explanation:
A power of attorney is the legal document in which it allows someone to act on behalf of you. In this, the person has the authority to act on behalf of the other person with respect to the legal, financial matters, etc
Here the proper way to sign is the option B
Philip Adams, by Alice Jackson, his attorney in fact
Therefore all the other options are wrong
In this scenario, the buying decision of Matt
is likely to be influenced by an opinion leader. Sandy is
considered as an opinion leader because he is a car enthusiast and owns several
cars which mean he has a wide knowledge about cars. Matt will be confident that
Sandy will be able to give a reasonable opinion about the cars.
Answer:
The advertising career that interest me the most is marketing
Explanation:
