Ask Question
Social StudiesSocial Studies
31 May, 09:49

How are two cobblers who control the shoe making business an oligopoly?

+3
Answers (1)
  1. 31 May, 09:59
    0
    Two cobblers who control the shoe making business could be an oligopoly in a situation with the following conditions:

    - a small number of firms (two or more) have full (or most) control of an industry

    - options such as price and/or output amount depends on the other firm offering the service in the industry.

    - barriers to entry enabling market share between the firms

    - differentiated products/services including effective advertising and quality products/services.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How are two cobblers who control the shoe making business an oligopoly? ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What causes wind to deposit sand or other sediment?
Answers (1)
What was the name of the Fascist Party that ruled Germany in the 1930s and 1940s? A. Nazis B. Republicans C. Democrats
Answers (1)
The idea that a nations power was based on its wealth is known as
Answers (1)
On september 11, 2001, the united states was shocked to learn that the twin towers had been attacked. many people can recall where they were, and what was happening when they heard about the events that continued to unfold on that fateful day.
Answers (1)
The american free enterprise system allows the government to protect consumers true or false
Answers (1)
New Questions in Social Studies
Which of the following statements concerning jurisdiction is false? a. Original jurisdiction refers to the authority of a court to try a case first. b. About half the cases in the United States are heard by federal courts. c.
Answers (1)
It is desirable, but not necessary, that sample sizes be equal in a one-factor anova. a. True b. False
Answers (1)
When people overestimate the frequency of violent crimes because these events generate a great deal of media coverage, they are using?
Answers (1)
The House Ways and Means Committee and the Senate Finance Committee are two of the most important committees in Congress because
Answers (1)
An overwhelming desire for harmony in a decision-making group increases the probability of
Answers (1)
Home » Social Studies » How are two cobblers who control the shoe making business an oligopoly?
Sign Up Forgot Password?