The correct answer is A.
An oligopoly is a market structure, governed by imperfect competition mechanisms, and constituted by an small number of producers. Each holds market power and therefore, can exercise certain influence over the price of the good. Companies that form a monopoly can either decide to reach agreements (cartel) or to compete. The scenario described in the questions refers to an oligopoly at which firms compete with each other.
In such situation, there is a total dependence on the competitors, and the strategy of each producer has to be determined taking account what the competitors have done or are expected to do. This is why when one of the producers, the leader, implements a certain policy, the rest quickly follow him in order to make sure that he does not gain part of their market share.
A. Eli Whitney--III. led to an increased demand for labor on cotton plantations.
B. James Watt--I. reduced the amount of coal needed to pump water out of mines.
C. Jethro Tull--II. reduced the number of workers needed to plant crops.
Eli Whitney invented the cotton gin. This machine could quickly pull seeds out of the cotton plant making the processing time for cotton quicker and then cheaper. This increased the demand for cotton and then planters wanted more labor to pick more cotton.
James Watt invented the steam engine which would allow for transportation and engine creation. Engines were used to move machines and creating pumping action in the case of mines.
Jethro Tull invented the seed drill. This agricultural invention allowed farmers to quickly create holes for seed and made planting quicker. Since it became quicker and easier to plant, less workers were needed to plant a field.
Answer:
It is illegal to lie in a US court of law.
Explanation:
