The Founding Fathers believed the Electoral College was necessary because "<span>They believed Americans lacked the knowledge to choose the best candidate," since the power structure consisted largely educated white men. </span>
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 and will earn much larger profits.
The accumumlation of such vast amounts by the industrial leaders, gave rise to the emergence of the Progressive movement in the US. It took place between the 1880s and the 1920s with the aim of eliminating negative consequences of the industrialization process in the US and monopolies were targeted. Monopolies enriched their owners by preventing competition and they were harmful for consumers because these were forced to buy worse quality products at higher prices. This is the origin of antitrust regulations and of the interference of public powers in the regulation of private businesses.
Beijing was free after its 1928 liberation until the Second Sino-Japanese War, in which the city fell on July 29, 1937. It was made the seat of the Provisional Government of the Republic of China a puppet government of Japanese-occupied China.
Jean-Jacques Rousseau was the Enlightenment thinker who wrote people in society are bound to one another by an implicit "Social contract."
