In the United States, cell carrier services are often considered to be a part of an oligopoly. However, apart from cell services, the oligopolist structure has several other industries. While oligopolies may seem similar to a perfect competition economic structure, where consumers have multiple choices for a similar product, and producers or sellers are bound by consumer choices and the prices set by consumers themselves, oligopolies consist of certain large companies and industries dominating the market. These companies overshadow the sale and performance of several smaller companies, due to a number of reasons.
Further Explanation:
The brand value and image of these large brands have been ingrained in the mind of consumers, who prefer to choose products of these companies. Thus we can say that economic competition exists between these small numbers of larger companies, and they also regulate prices. Thus, in this market setting, the prices are definitely not fixed by the consumer. Rather, the consumer gets to choose between multiple options for a particular product, within a specific price range.
One of the primary characteristics of an oligopolist setting is that the market shall be dominated by two or more companies, despite the existence of multiple numbers of smaller companies. These large companies expand into other arenas or absorb other industries within them. The companies strive to maintain a particular price range for a specific set of consumers, and they have to maintain the quality standards that put them on the map. Innovation and improvisation are the two techniques that are the keys to success in an oligopolist setting. One of the best examples of an oligopolist setting in the U.S. Economy is the computer operating system, which is dominated by the biggest giants called Apple Inc. and Google. While both of them are potential rivals in the market, their methods of innovation and comparative technological performance have helped to maintain a certain level of co-operation within the operating system business.
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1. Which step in the scientific method requires you to use your senses to obtain information?
2. The most important and most effective way to control pests in a food establishment is to ______.
Answer Details:
Grade: High School
Chapter: Types of economies
Subject: Economics:
Keywords:
Oligopoly, similar products, consumer choices, research, and development, providing maximum features within a limited framework, purchasing power, maintaining standards, technological innovation, economic co-operation.
Answer:
Its B on Edge
Explanation:
B. Cell phone carriers
B.Both the North and the South had highly agricultural economies.
C.The North was industrialized, while the South was more agricultural.
D.The South was industrialized, while the North was more agricultural.
Its C. your answer is C.
Answer: A, Russia mobilized its troops is correct
Answer:
Let's start by noting the First Amendment offers no legal shield from criminal prosecution for violent acts, individually or as part of a mob, regardless of the cause we might promote or a political position we take. Violence is a crime. Our free speech rights also do not protect incitement to imminent violence. The text of the First Amendment provides for “the right of the people peaceably to assemble.” The key word is “peaceably” — violent protesting is not allowed. ... First Amendment rights apply the most in a traditional public forum, such as a public park.
Explanation:
Answer:
People migrate because they needed food. They also migrated because of other settlers attempting to take their land, so instead of endangering themselves, they moved.
Explanation: