You can choose a price that <u>maximizes your profits</u>.
<u>Explanation</u>:
If you are the only clothes producer in the industry, it is known as monopoly. Monopoly means a single seller selling a unique product without competition.
The monopoly seller has the right to choose the price for his goods. He can fix the price in the way to maximize his profit. As he is the sole seller, he will not have any competitions in the industry. This in turn helps him to make lot of profit on producing clothes with full freedom in fixing the price of the clothes.
Answer:
The Russian Revolution was actually three revolutions. The first was in 1905, but it did not accomplish much aside from the creation of the weak Russian Parliament called the Duva. The Czarist regime maintained real power.
The second was the February Revolution of 1917. This resulted in the abdication of Czar Nicholas II and the overthrow of the Czarist government. The revolutionaries could not agree on how the new country would be governed and they split into factions. Two factions were the Mensheviks and the Bolsheviks, which led to the third revolution.
The third revolutions was the October Revolution of 1917, which was more like a civil war than a revolution. The Bolsheviks under Lenin succeeded in wresting full power over the new government, which became the USSR.
Yes, so called "The Great October Revolution" happened in 1917. But the 1st (unsuccessful) revolution was in 1905 and Tsar Nikolas had been dethroned in February.
Problem with using commodity money in the us colonies prior to 1700 Very few people were willing to accept commodities as payment.
British creditors feared charge in a currency of such fluctuating cost and to alleviate their fears the colonies have been prohibited from printing more paper cash. This brought about the cost of current paper money to plummet. This jolted a colonial economic system already suffering a surge in populace and could not be contained.
Colonial people complained that gold and silver coins were chronically scarce. those coins could be received simplest thru importation. Given unrestricted change in specie, marketplace arbitrage must have eliminated continual shortage.
Commodity cash is money whose fee comes from a commodity of which it's miles made. Commodity cash includes gadgets having cost or use in themselves as well as their value in shopping for items.
Learn more about commodity money here:- brainly.com/question/24199263
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Answer:
Most of the actual work of legislating is performed by the committees and within Congress. Since no one member can be possibly be adequately informed on all issues in a way to provide for specializations,or a division of the legislative labor.
Explanation:
Legislation refers to the preparation and enactment of laws by a legislative body through its law making process. The legislative process includes evaluating,amending and voting on proposed law and is concerned with the words used in the bill to communicate the values , judgments ,and purposes of the proposal
can i please have the options so i can answer the question
