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.
It is difficult for these countries to fund programs for senior citizens because it is predominantly the younger and middle aged individuals who are working and contributing to the economy, while most senior citizens have retired. If there are less young people being born, and there is a significant number of senior citizens because people are living longer lives, it becomes hard for a country to fund programs to care for the elderly.
The likelihood would be lower because the supreme court decision effectively reduced the impact that smaller rural communities had on representation in the house of representatives in the national level. This is because the districts had to be drawn according to the population in order to make all districts equal in population size which resulted in smaller rural areas getting swept away by larger communities since they would become parts of their districts.
Answer:
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Explanation:
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