There are two producers of water heaters that together are the sole providers to a large community. The executives of these companies meet to set minimum prices and production levels. By doing so, they ensure that they each will make a higher profit than they would in a free market. This is an example of a <u>Duopoly
</u>
<u>Explanation:</u>
Duopoly is a kind of Oligopoly where a market is dominated only by few producers. In this case it is dominated by two producers hence it is duopoly. It means that these two producers only influence the market. They maintain a mutual relationship with each other and they powerfully dominate the industry.
It is marketed in a way that the computers are let to choose between either of these two products. To quote as an example we can take Apple and Android which works hand in hand. Price fixing is the important tool that they use to catch the market which will be difficult for a small firm producer to opt for.
Upward Control is one of them
Answer:
The correct answer to the following question will be "Miranda v. Arizona
".
Explanation:
- During this case, the Supreme Court held that offenders who were arrested must always be told regarding their constitutional right to such an advocate as well as against actualization-incrimination after interrogation.
- This allowed suspected offenders to consult their rights and freedoms before being interviewed while being in detention by the officers.
Answer: B. Texas vs Hernandez
Explanation:
in this scenario, Mexican-American were barred from there he jury
Jonathan Swift's essay is telling us or proposes to clarify the disastrous poverty in Ireland by auctioning poor kids as food for the rich families. Swift goes on to assert how this would answer the entire Ireland's dilemma from domestic injustice to poverty.
