The biggest and most notable reason why oligopolies exist is collaboration. A lot of Firms see more economic advantages in collaborating on a precise price than in trying to battle and drag price competitively with their competitors. By controlling prices in a cartel like way, oligopolies are able to raise their difficulty to entry.

A few oligopolists whose products I make use of are GMC, Samsung, Dell, Apple, UPS, and BP.

Oligopoly is differentiated from monopolistic competition in that oligopoly is comprised of a small number of businesses and they have distinguished or homogeneous products and trying to break-in into their line of business is very difficult.

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2 years ago

In 2007, Buddhist monks in Myanmar protested the governments increase in fuel costs. They practiced a symbolic action ex-communi

SashulF [63]

Answer:

The symbolic gesture used by the monks excommunicating excommunicating government officials, military and supporters is upturned begging bowls. 

Explanation:

The monks in Myanmar protested against high fuel prices by refusing to accept alms. They held the bowls they use to beg for alms upside down by showing its black lacquer surfaces out.

By refusing to accept alms from military rulers and families the monks were excommunicating them from Buddhist religion.

The number of monks and soldiers in Myanmar is almost equal and monks are the ultimate moral authority in Myanmar. 

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2 years ago

Question 6 of 20

Dvinal [7]

Answer: It shows whether a decision will produce more gains than losses

Explanation:

I got it right APEX

6 0

2 years ago