Answer:
I think it's necessary because people acquire the needs that they you don't have like for example your friend has a banana and you have a mango your friend wants that mango and you want that banana so you will trade each of your goods to each other and you will acquirewhat you wanted
<span>Yes, due to crowding out.</span>
The U.S used the Texas-Mexico border dispute to annex Texas as a state and gain more land from Mexico. Basically all the land that Mexico owned in North America was given to the U.S after the U.S defeated Mexico in the war.
The correct answer is that, Monopoly sets their own prices.
When there is no competition in a monopoly it shows that , monopoly they do set their own prices. Monopoly is termed as the only enterprise or person who supplies a particular commodity.
They are characterized by way of lacking competition in economic which produces either services or goods.
We say that there is high monopoly profit when there is monopoly price is being high than marginal cost of the seller.
Government can establish monopolies by integration form.
