Answer:
While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.
Explanation:
Explanation: Collusion can lead to: High prices for consumers. This leads to a decline in consumer surplus and allocative inefficiency (Price pushed up above marginal cost) New firms can be discouraged from entering the market by types of collusion which act as a barrier to entry.
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The answer would be peasant
The correct answer is inductive reasoning
Inductive reasoning, also popularly known as the inductive method, is nothing more than an argument or reasoning that is based on a premise of a particular character, but which ultimately comes to a conclusion of a universal character.
The process of inductive reasoning is one by which, taking into account a series of particularities (individual and personal premises), one reaches a generalization, that is, something universal and no longer unique.
