1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
Any help would be perfect! Thanks!
myrzilka [38]

Answer:

Nazi Party and Hitler

Explanation:

5 0
3 years ago
Read 2 more answers
Which of the following cultural advancements best set apart the postclassical era from any time before it
victus00 [196]
The development of monotheism among the following is the one that best set apart the postclassical era from any time before it<span>
</span>
7 0
3 years ago
Nearest hundred is 92,144
ivolga24 [154]
If you're asking what the nearest hundred of 92,144 would be 92,100 

All you gotta do is look at the place its asking you to round to ( In this case it's the hundreds ) and if the number behind that is under five you round it down, but if it's 5 or above you round it up. It it had been 92,154 it would have been rounded up to 92,200 c:
4 0
4 years ago
What was the main cause of Boer war?
prohojiy [21]

The reason that the war had begun was because the British and the Boer people found diamonds and gold in the states and they had fought over it from 1833 to 1902 when the British had one the war and signed a treaty where the British and the Boers' could be at peace. 

6 0
4 years ago
What was the colonist main object to the British parliaments polices on taxation
Vitek1552 [10]

Britain needed money to pay for its war debts. The King and Parliament believed they had the right to tax the colonies. They decided to require several kinds of taxes from the colonists to help pay for the French and Indian War.


- R3KTFORGOOD ☕

7 0
4 years ago
Read 2 more answers
Other questions:
  • Does anyone know about Scott V. Sandford
    8·1 answer
  • Explain the central ideas of john locke, voltaire and rousseau
    11·1 answer
  • What has contributed to the economic development of the Yucatan Peninsula
    8·1 answer
  • One of the characteristics of communism was
    15·1 answer
  • Why is marginal change so Important in making economic decisions?
    10·1 answer
  • Which federal agency is responsible for maintaining community safety from chemical hazards through the risk management program?
    14·1 answer
  • The international responses to the apartheid's reforms from the 1960's until the 1980's
    12·1 answer
  • A Colonial response coordinated a<br> to the Intolerable Acts.
    10·1 answer
  • Someone pls help me I will make you brain
    6·1 answer
  • Was the Columbian exchange bad, good or both?<br> HURRY!!!! PLS
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!