Answer:
The correct answer is option B.
Explanation:
An oligopoly is a market structure in which there are few firms which are interdependent on each other such that price and output decisions of a firm affect other firms in the market. There is a high degree of competition in the market.
Firms in an oligopoly market can maximize profits by forming formal or informal collusion and reducing output level and increasing price.
Though such cartels are generally short-lived as each firm has the incentive to earn higher by not cooperating. The cartel will not be successful if there are other firms in the market which are not a member of the cartel.
A cartel will have a longer life if all the firms in the market are its market and the cartel has strict control on its members and ability to punish cheaters.
Answer:
A)
Explanation:
Inelastic demand means that the demand would not change as price changes. It generally happens for goods that are non-replacable, with little competition, and other factors (e.g. location, short-run) that make the buyer insensitive to the price.
Answer:
Pennsylvania
Explanation:
151, Palm Beach
California
Dear Sam,
I hope you are doing well. Your last letter was very influential to me. I want to say that My wife and I have decided to move to America after four-month. As we know, there are several colonies, but we have planned to move to the Pennsylvania colony. There are several reasons for it, as it welcomes all the religious group with no discrimination and provides an equal economic opportunity. The economy of the Pennsylvania Colony revolves around wheat, grain, and agriculture. Shipbuilding, textiles, and papermaking is also part of the Pennsylvania Colony. I hope that you will decide to make up your mind in moving to America to begin a new life.
Sincerely Yours
Joshua
The impact new technology during the gilded age allows Industrialization to move up and brought about discovery of inventions such as :
- the telephone
- light bulb
- Kodak camera
<h3>What is
gilded age?</h3>
The gilded age was an era that brought about improvement in the economic activities as well as industrialization.
In this case, the gilded era allows Industrialization to move up and brought about discovery of inventions
Learn more about the gilded age at :
brainly.com/question/3009202
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