Oligopoly and its Characteristics are stated below
• Only few firms in the market.
• Sell either homogeneous products or differentiated products.
• Barriers of entry exist.
• Mutual interdependence in decision making.
• Non-price Competition exists.
Kinked Demand Curve is described below
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Disconnect the supply cables at the motor’s terminal box, separate the motor from the driven machine, detach the foundation bolts or nuts and eliminate the motor to the maintenance shop.
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