The president would be seen as weak
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>
The Beaufort <span>Sea is north of western Canada</span>
Genocide is a term being used as to describe the violence against a group in order to destroy another group. In 1948, it was declared by the United Nations to be an international crime.In the 20th century, the 2 areas of the world having the most acts of genocide is Latin America and Africa.
