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ANEK [815]
3 years ago
6

Hi !!

Social Studies
1 answer:
PolarNik [594]3 years ago
5 0

Answer:

Song scholar officials

Explanation: they were government official

p.s like ur pic

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Select the correct answer.
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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.

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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).

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