Answer:
- 1) Higher prices than in competitive markets Monopolies face inelastic demand and so can increase prices – giving consumers no alternative.
- 2) A decline in consumer surplus.
- 3) Monopolies have fewer incentives to be efficient.
- 4) Possible diseconomies of scale. Explanation:
<h3>Hope this answer will help you.</h3>
Answer:
Demographic change can influence the underlying growth rate of the economy, structural productivity growth, living standards, savings rates, consumption, and investment; it can influence the long-run unemployment rate and equilibrium interest rate, housing market trends, and the demand for financial assets. Moreover, differences in demographic trends across countries can be expected to influence current account balances and exchange rates. So to understand the global economy, it helps to understand changing demographics and the challenges they pose for monetary and fiscal policymakers.
Answer:
C
Explanation:
Promoting welfare of citizens and securing the blessings of liberty are a right to the people.
I believe the answer is: <span>continuous
</span><span>continuous Reinforcement schedule refers to a type of reinforcement that given every single time a target behavior is initiated by the subject.
This type of reinforcement is aimed to make the subject develop strong association between the behavior and the response.</span>
