Explanation:
The doctrine of lapse was an annexation policy applied by the British East India Company in India until 1859. ... The policy is most commonly associated with Lord Dalhousie, who was the Governor General of the East India Company in India between 1848 and 1856.
Answer:
A. High entry costs prevent new producers from entering the market.
Explanation:
Oligopoly is the opposite of monopoly (only one company that offers a service or is the supply). An oligopoly has few companies offering one service or product which can control the supply and market price of it, such as automotive sector or airline. One of the things that limited competition in an oligopoly is the costs of entry, to set up the manufacturer, to make research and marketing and be able to compete with these companies the entry cost is high.
Answer:
South Africa has a developed and regulated competition regime based on best international practice.
South Africa’s economic system is predominantly based on free market principles. However, as in most developed economies, competition is controlled.
The Competition Act of 1998 fundamentally reformed the country’s competition legislation, substantially strengthening the powers of the competition authorities along the lines of the European Union, US and Canadian models.
Answer: by making a joint statement against Spain
Explanation:
