Answer: Sudan is located at letter B Somalia is located at d
Explanation:
have a nice day or night
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:
The above statement is True.
Explanation:
The above statement is True.
A graduated licensing system is an approach that enforces some restrictions to the newcomer driver or the one who has just passed their driving test. Through this approach, the system wants the new driver to build their skills of driving to the next level so that they commit less road crime in the future.
