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PIT_PIT [208]
2 years ago
10

align="absmiddle" class="latex-formula">
Define oligopoly.​
Advanced Placement (AP)
2 answers:
kupik [55]2 years ago
8 0
industry is dominated by a small amount of large sellers.
Scrat [10]2 years ago
4 0

The definition of oligopoly is that; it is a market characterized by a small number of firms who realize they are interdependent in their pricing and output policies.

<h3>Oligopoly</h3>

Oligopoly is simply defined as a market that is characterized by a small number of firms who realize that they are interdependent in their pricing and output policies.

Now, although the number of firms is small they still wield enough influence to give each firm some level of market power.

There are types of oligopoly such as symmetric where all the firms are of equal size or asymmetric when that is not the case.

Read more on Oligopoly at; brainly.com/question/10666373

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The decision in United States v. Lopez (1995) reflected new ideas about federalism at the time that can be best characterized by
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The decision in United States v. Lopez (1995) reflected new ideas about federalism at the time that can be best characterized by A delegation of power from the federal government to state governments, increasing state and local sovereignty

for better understanding, we have to understand what federalism means

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From the above, we can therefore say that the answer The decision in United States v. Lopez (1995) reflected new ideas about federalism at the time that can be best characterized by A delegation of power from the federal government to state governments, increasing state and local sovereignty is correct

learn more about federalism from:

brainly.com/question/20091286

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