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When is Economists usually call an industry an oligopoly?
the four largest firms produce at least 70 to 80 % of the output
What are the characteristics of an oligopoly?
There are three main characteristics of oligopoly. They are industry dominated by a small number of large firms, the firms sell identical or similar products, and the industry has significant barriers to enter.
How do economist determine whether a market is an oligopoly?
A market is an oligopoly when a small number of sellers dominate a market or industry. Economists use a set of criteria to determine whether a market form is an oligopoly. These criteria include profit maximization conditions, ability to set price, high barriers to market entry, a small number of firms, long-run abnormal profits, product differentiation, perfect knowledge of cost and demand functions, interdependence on other firms' marketing strategies, and non-price competition.
Is it an industry standard for home security companies' alarms to directly call the local police department, if they are triggered?
Yes, it is an industry standard for home security companies alarms to directly call the local police department if they are triggered. They usually call a fire truck also.
Is the e3 expensive?
Its depends on what you call expensive, The E3 usually costs $400 to $500 and is only open to industry professionals.
How do you call industry that deals with food?
the food industry
How much do you know a call center industry?
call center is the fastest growing industry now
How do you call someone who uses the products made by industry?
If your question is "What do you call someone who uses the products made by industry?", you call him a consumer.
What is an example of oligopoly?
The question reference the incidence of oligarchs. Oligarchs are essentially king-pins which can singularly dominate entire industries and economies. Oligarchy is often used to describe the economic takeovers by a handful of men of Russia in the early 1990s to the present. An example of Oligopoly was Russia's Gazprom under Mikhail Khodorkhovsky. Individual oligarchs include Roman Abramovich, Alisher Usmanov, and the exiled Vladimir Gusinsky and Boris Berezovsky.
What do you call a business that makes things?
an industry
What is the industry for grazing animals called?
We call it, Farming
What are the different fields of call center technology?
Call center jobs that are usually readily available are positions as phone salespeople because they require little invasive knowledge of the industry. You can find nearby centers with job openings in a local newspaper.
