Answer:
- 1) Higher prices than in competitive markets Monopolies face inelastic demand and so can increase prices – giving consumers no alternative.
- 2) A decline in consumer surplus.
- 3) Monopolies have fewer incentives to be efficient.
- 4) Possible diseconomies of scale. Explanation:
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Answer:
Judaism and Christianity are two monotheistic, ethical religions which share a part of their scriptures in common; the Bible or Tanakh of the Jews is the Old Testament of the Christians.
Answer:
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Answer:
The concept a social psychologist might use is the self-fulfilling prophecy.
Explanation:
A result of the Pygmalion effect, self-fulfilling prophecy explains that we are influenced by other people's expectations of us. If people believe we will succeed, we too begin to believe we will succeed. We then change our behavior, aligning it with the belief, making a self-fulfilling prophecy out of it.
Since the teacher was told she was teaching an honors section of psychology, and she believed it, she taught that class in a way that led it to the results an honors section would indeed present. The teacher was already biased - in a positive way - when she started teaching this class, which led her to see them in a favorable light. Such attitude ended up making the class perform better, as if it were truly an honors section.
this is the most common government communism. system in which the government owns and operates major businesses and controls other parts of the economy.
dictatorship. Acquire and maintain leadership in the state through fear and force.
oligarchy. a small, elite group rules the government.
democracy. ...
autocracy. ...
monarchy.