All of the following are characteristics of oligopoly EXCEPT it is not possible to make profit in the long or short run.
<h3>What is oligopoly?</h3>
This is a market structure, where a very few large sellers dominate the industry in which emerging business cannot compete due to high costs of setting up.
Oligopoly occurs when most products or services are provided by only a few large companies or business.
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False is the only answer that makes the most sense.
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<em>The Upper South to the expanding plantation economies of the Deep South and Texas. By 1860, over two million slaves, 55 percent of the entire U.S. slave population, lived in states that came into existence after the founding of the country.</em>
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The symbolic <span>nature of language means that a word represents what it is referring to either by association, resemblance, or convention
Only less 10% of our day to day communication being done through verbal language, while the rest being conducted through non-verbal/symbolic language.
For example, we could communicate that we're currently sad without saying anything simply by crying in front of a person. because The act of crying is associated with the feeling of sadness. </span>