Answer:
- 1) Higher prices than in competitive markets Monopolies face inelastic demand and so can increase prices – giving consumers no alternative.
- 2) A decline in consumer surplus.
- 3) Monopolies have fewer incentives to be efficient.
- 4) Possible diseconomies of scale. Explanation:
<h3>Hope this answer will help you.</h3>
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Answer:
Inherent power, is the right answer.
Explanation:
Those powers of the President of the United States that are not mentioned clearly in the Constitution of the United States, are known as the inherent powers. Such powers are essential for a division of management to execute their duty. Basically, the inherent powers are given to the President so that he can effectively deliver his duty towards his nation. Therefore, a president can claim the power to take any action not enumerated in the Constitution, which is justified by the inherent power of the President.
Holy book of:
Hindus: The Vedas
Muslims: The Quran
Christians: The Bible
Buddhists: Tripitaka
