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Monica [59]
3 years ago
14

How do monopolies affect the prince of goods ?

History
1 answer:
r-ruslan [8.4K]3 years ago
8 0
We can say that in a monopoly, the price is always higher than the socially optimal price
EXAMPLE: a pharmaceutical company brings out a new medicine for diabetes. It acquires a patent from the government for the production of that medicine implying that only that pharma company has the right to produce the medicine till the patent expires. This leads to a monopoly situation in the market. Now this pharma company can charge the highest price possible so that its profit is maximum since it is the sole producer of that medicine.
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Samuel Worcester was the man who inspired the Worcester v. Georgia Supreme Court case. what did this case mean to the Cherokees?
Svetllana [295]

Answer:

worcester vs Georgia significance

515 (1832), was a landmark case in which the United States Supreme Court vacated the conviction of Samuel Worcester and held that the Georgia criminal statute that prohibited non-Native Americans from being present on Native American lands without a license from the state was unconstitutional.

Prior: Plaintiff convicted in Gwinnett County, G...

Citations: 31 U.S. 515 (more)6 Pet. 515; 8 L. Ed. 483

Subsequent: None

Explanation:

Hope this <em><u>Helped!</u></em>

Credit sourced from "wikipedia"

8 0
4 years ago
Explain how the terms and names in each group are related.<br> Homestead Act, frontier, Exodusters
UkoKoshka [18]

The Homestead Act of 1862 divided out millions of sections of land to arrive to settlers. All US citizens, counting ladies, African Americans, liberated slaves, and foreigners, were qualified to apply to the government for a “homestead,” or 160-acre plot of land. Homesteading was a disagreeable issue since Northerners and Republicans needed to open the land to settlement by individual farmers, whereas Southern Democrats looked to form the arrive accessible as it were to slaveholders. The Exodusters were African American migrants who cleared out the South after the Civil War to settle within the states of Colorado, Kansas, and Oklahoma.

<h3>What is Homestead act ?</h3>

The Homestead Act was set in put in arrange to motivate individuals to move toward the west. This act was propelling the individuals to move toward the west since they were getting huge bundles of land for exceptionally little sum of cash, which was giving them the opportunity to begin unused lives and make decent living. There were conditions in spite of the fact that, as the individuals were committed to create the land in arrange to formally be allowed to them. The individuals had to live on the land for at slightest five a long time in arrange to induce it formally, they had to construct a changeless living put on it, and they had to plant crops on it and lock in in farming. In this way the government guaranteed that the individuals will have a not too bad live and they will too contribute a part to the economy, as well as drawing in modern individuals to move toward the west.

To learn more about Homestead Act, visit;

brainly.com/question/10390487

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3 0
2 years ago
Which minority wielded greatest political power in its region in the time period before the civil war?
atroni [7]

Planters in the Southern United States made up a minority yet with a powerful influence in the U.S. Congress because of their wealth  resulting from their exports on valuable goods such as tobacco and cotton. Even though the Constitution of the United States states that "all men are created equal before God," southern plantation owners, through their congressmen and senators appointed to Congress, managed to thwart any attempts to abolish slavery as progressive politicians, especially in the industrialized northern states, regarded it was contrary to the human rights granted by the Constitution.

Also, southern plantation owners' influence on both domestic and international political affairs was instrumental in supporting Texas' independence and later annexation to the U.S. and waging war against Mexico, which resulted in the addition of today's western states.

8 0
3 years ago
PLZZ ANSWER THE QUESTION ​
stiks02 [169]

Answer:

B

Explanation:

They believed that a strong central government was the only way to have a well-run country. They also wanted a large army so A is incorrect, they didn't worry about protecting individual rights so B is incorrect, finally, corruption was not their biggest worry so D is incorrect.

3 0
4 years ago
Identify the five Amerindian groups that occupied the Americas in the Pre-Columbian era?
nignag [31]

Answer:

While many city-states, kingdoms, and empires competed with one another for power and prestige, Mesoamerica can be said to have had five major civilizations: the Olmec, Teotihuacan, the Toltec, the Mexica and the Maya.

Explanation:

7 0
3 years ago
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