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>
Answer:
Is true
Explanation:
Deductive reasoning, also called deductive logic, is the process of reasoning from one or more statements (premises) to a certain logical conclusion.
Deductive reasoning links statements (or assumptions) with conclusions. If all the premises are true, and the rules of deductive logic are followed correctly, then the conclusion is necessarily true.
So Steven observing some dogs (premise) can conclude this statement.
<u>Answer:
</u>
Pollack and Pickett's found from their experiment on understanding speech that only 50% of the words spoken by their own voices could be identified by the participants.
<u>Explanation:
</u>
- The experiment carried out by Pollack and Pickett was intended at determining whether or not people recognize and understand the words and syllables spoken by their own selves when the words are presented to them separately one word at a time.
- The experiment was inspired by the fact that humans often perceive their own voice in a different way than how it actually is.
C: arid climates; much of south west Asia has deserts.
