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>
African Americans
Explanation: History
<span>the U.S census is most likely to result in : A.changes in policy and represntation in congress
United Census was created to gathered informationa and data about the citizen of the united states. Government use this data to find out if the general population are satisfied with the current policy that imposed in the government</span>
The leader of the Knights of Labor in 1879 is Terence V. Powderly.
