Repair shop owner who opens a second shop across town
The correct answer is that, Monopoly sets their own prices.
When there is no competition in a monopoly it shows that , monopoly they do set their own prices. Monopoly is termed as the only enterprise or person who supplies a particular commodity.
They are characterized by way of lacking competition in economic which produces either services or goods.
We say that there is high monopoly profit when there is monopoly price is being high than marginal cost of the seller.
Government can establish monopolies by integration form.
Answer:
cognitive dissonance theory
Explanation:
Cognitive dissonance theory was proposed by Leon Festinger in 1957 and this theory explains the relationships between cognitions. There is a tendency for an individual to see their cognition in a consistent manner such as belief, opinion. If there is found any inconsistency between behavior and attitudes(dissonance) something must change to eliminate the dissonance between attitude and behavior( dissonance). If there is happening something discrepancy between behavior and attitude then attitudes will change to accommodate the behavior.
<u>There are two factors which affect the dissonance:</u>
- Several dissonance belief, and importance to attached belief each other.
- Reduces the importance of dissonance belief.
- Change the dissonance belief that could not be inconsistent
- Add the more consistent belief that outweighs the dissonant belief.
Forensic crime scene reconstruction is the process of determining the sequence of events about what occurred during and after a crime. Crime scenes may be reconstructed through the study and interpretation of scene patterns and the examination of physical evidence.
