Answer: the industry that most closely approximates the conditions of the oligopoly model is airlines.
Explanation: oligopoly is a market situation made up of small entities which are independent in their working and they do not have any influence on each other. airlines industries and automobiles industries are two well known examples of oligopoly markets.
In oligopoly markets:-
- industry is dominated by small number of sellers sellers are aware of each others action
- decision of one firm effect the decisions of other firms
- they are concentrated less in monopoly more in competitive system
- increasement of interdependence
oligopoly is a market situation in which small number of firms who together have substantial influence over a certain industry or markets.
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Answer:
Because if there was no government than chaos would take its place. Someone can rob from you and there would be no police to stop them. Serial killers wouldnt be caught. There would be no jails. The roads and other public things would be horrible because there would be no taxes. No one would pay for it if they dont have to.
Answer:
The rules of political institutions.
While politics can play a role in changing the economy, political institutions are not directly related with the economy itself.
(A.) an increase in the value of goods and services
(E.) an increase in trade with neighbors
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Answer:
sevegery is violence while barnarani is to be cruel and violent and not having any education respect for art
