It should be noted that in a private club, alcoholic beverages may be served only to D. All of the above.
<h3>What is a private club?</h3>
In a private club, a permit is given that allows the authorization of alcoholic beverages to be stored and possessed on club premises.
Also, in a private club, alcoholic beverages may be served only to and consumed by member, a family member of a club member, and a guest who is brought to the club by a member.
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Answer:
D. More People Moved To Cities
Explanation:
The Industrial Revolution allowed more jobs to open up within the city due to the number of factories being created. Many people who moved to cities are allowed more opportunities than when they were in the rural areas.
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>
