The correct answer is C.
A monopoly is a market structure where a single firm serves the whole demand of a specific good or service. It does not face competitors, therefore, such firm has absolute market power to decide the price charged for its products.
So, the monopoly is able to charge a higher price than in a perfect competition scenario where the price would be set at the intersection betweeen the demand function and the marginal cost function.
Instead, the quantity sold in the monopoly (<u>q*) is determined by the intersection of the marginal revenue and marginal cost curves, and the monopoly price is computed by substituting q* in the expression of the demand function </u>(because the demand function relates price and quantity).
<u>The result is 15$ as the picture shows. </u>
Answer:
southwestern part of the United States
California, Nevada, Wyoming, Utah, Colorado, New Mexico, and Arizona
Answer:
Genoa, Italy is your correct answer.
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Answer:
Models
Explanation:
Neal is simply using the professional pitchers as models.
Models are people with a role to showcase and promote commercial goods and services or who serves as figures to be copied.
Neal haven watched video clips of major league baseball pitchers practices pitching in his back yard, attempting to imitate the movements and style of the professional pitchers.
Also, he put into action his attentive, memory and imitation skills.
The correct answers are B) Abraham Lincoln, a Republican who opposed the expansion of slavery in the federal territories, was elected president in 1860. D) The Georgia Platform included acceptance of the Compromise of 1850 and a warning that Congress must not violate any of its terms.
Those were the two events that increased support for secession among Georgia's leaders.
Georgia played a key role as one of the southern states that were convinced that recently elected President, Abraham Lincoln meant more problems for southerners due to his ideas on slavery and support of abolition.
It was just a matter of time after the election of Abraham Lincoln to start secession. The first state to secede was South Carolina, and then, the other southern states followed it. The American Civil War was close.