Examlex
Rail is considered an oligopolistic market structure because:
Running Costs
Ongoing expenses required for the day-to-day operation of a business, service, or system.
Packet-Switching Networks
A digital networking communications method that groups transmitted data – irrespective of content, type, or structure – into suitably-sized blocks, called packets, for efficient routing.
Fault Intolerant
Systems or components that are unable to continue operating properly in the event of a failure or error.
Telecommuting
A work arrangement where employees perform their job duties from outside the traditional office environment, often from home, utilizing digital communication tools.
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