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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How an ultrasound is able to produce images of body structures by <span>the sound waves which reflect off of the soft tissue, and a computer converts them into sonograms or visual images. Hope this is the answer that you are looking for. Have a great day!</span>
Answer:A Surrendering Arms
Explanation:
Answer:
Labor definition
Explanation:
Labor is the amount of physical, mental, and social effort used to produce goods and services in an economy. It supplies the expertise, manpower, and service needed to turn raw materials into finished products and services. In return, laborers receive a wage to buy the goods and services they don't produce themselves.
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