Answer: B. If the market demand curve becomes more elastic, the firm's demand curve will become more elastic
Explanation:
Monopoly is a market structure whereby there is just one single supplier for a particular good or service. The monopolist controls the price.
We should note that the monopolist enjoys market power due to theofact that its product has an inelastic demand that is, a price change will have a minimal impact on the demand.
But the monopoly power will reduce in a case whereby the market demand curve becomes more elastic, then the firm's demand curve will become more elastic as well.
<span>B. A family sells its farm and moves to a large city.
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Answer:
Ancient Egypt was divided into two parts - Lower Egypt, a fertile area of the land mostly located in the delta of Nile river and Upper Egypt, in southern more mountainous area. Besides this part of Egypt was covered with desert and was uninhabited.
Explanation:
Ancient Egypt is one of the world's first civilizations that has developed in the fertile strip of land near the Nile river. That is why Nile was a source of life of Egyptians. Most of the people were living in this strip and narrow land which allowed different labors to develop. Mountainous part of Egypt wasn't inhabited that much, but was rich with different metals.
Answer:
The most significant difference between the private and public sectors is the ownership of the organizations within them. In the public sector, organizations are owned and controlled by the government. Meanwhile, organizations within the private sector are owned and managed by individuals or private companies
<span>this theory is referred to as: Transformation
In choosing an economic system, transformation refers to creating an adjustment to an existing economic system, by taking the positive aspects of other existing economic system.
For example, a communist country that choose to give more freedom to the private sector in order to attract economic growth</span>
