Answer:
The correct answer is the option C: Gold par value.
Explanation:
To begin with, a <em>gold standard</em> is a <em>monetary system</em> where a country's currency has a value directly linked to a fixed amount of gold that the country possesses. Secondly, in that system, if a situation where any person wants to exchange a certain amount of the currency for an amount of gold presents, that person in his right to go to the national bank who ownes the gold reserves and exchange that amount of money for a fixed amount of gold, where that last amount receives the name of <u><em>''gold par value''</em></u>.
Explanation:
im doing good how about you
Answer:
average total cost per unit is not at its lowest possible cost
Explanation:
A monopolistic competition is defined as such a market where many different firms or companies sells various differentiated products. Here the firm has some control on the price of the product. It is a market structure of considerably no price competition.
The monopolistic firms are not productive enough because the output is very less than the optimum level of the society as the average total cost of the producer per unit is not at the lowest possible cost.