1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
brilliants [131]
3 years ago
6

Select the correct answer.

Social Studies
2 answers:
Semmy [17]3 years ago
7 0

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>

Svetach [21]3 years ago
4 0

Answer:

C is the correct answer.

Explanation:

You might be interested in
How did ancient Greek colonies differ from other ancient civilizations
o-na [289]
There is a capital difference between all the other civilizations mentioned, even if Greeks were heavily influenced by them and adopted many of their advancements and scientifical discoveries or art, technology and so far.
6 0
3 years ago
What the Supreme Court decide in Brown vs. Board of Education?
Effectus [21]

In this milestone decision, the Supreme Court ruled that separating children in public schools on the basis of race was unconstitutional. ... On May 17, 1954, U.S. Supreme Court Justice Earl Warren delivered the unanimous ruling in the landmark civil rights case Brown v. Board of Education of Topeka, Kansas.

5 0
3 years ago
In 2007, __________ Floridians were injured in alcohol-related collisions
Harrizon [31]
In 2007,  <span>81,252 </span><span>Floridians were injured in alcohol-related collisions
</span>
5 0
3 years ago
Read 2 more answers
What is data that Is not directly collected or observed by the sciencetist called
Lapatulllka [165]
This data is called "secondary data".
An example for a usage of a secondary data is when a researcher takes up a data collected by someone else, for exam ple a large survey, and analyses this data to receive new insights from it - this is a fairly common practice. Often for example official government data is used by scientists
7 0
3 years ago
Read 2 more answers
During what time period and what presidential administration did criminal justice originate as an academic discipline?
lesya [120]

During 1960s and 1970s in administration of President Lyndon Johnson, criminal justice became an academic subject.

Criminal justice is the interdisciplinary academic study of police, criminal courts, correctional institutions (for example, prisons), and juvenile justice agencies, as well as the agents who work within these institutions. Criminal justice differs from criminal law, which defines the specific behaviors that are prohibited and punishable by law, and criminology, which is the scientific study of the nonlegal aspects of crime and delinquency, such as their causes, correction, and prevention. In the second half of the twentieth century, the field of criminal justice emerged in the United States.

Learn more on criminal justice -

brainly.com/question/24622613

8 0
2 years ago
Other questions:
  • Pledging to vote can help a candidate all of the following ways EXCEPT: A. raising the candidate’s poll numbers B. making the ca
    7·2 answers
  • People often credit their successes to having good attitudes. explain the benefits of having a good attitude, even during a diff
    15·1 answer
  • "which term describes the inability to get individuals to cooperate to achieve a common goal?"
    11·1 answer
  • This social activist and reformer worked to improve Atlanta's African-American communities through education, improved health ca
    7·1 answer
  • The pattern of psychological and behavioral characteristics by which each person can be compared and contrasted with other peopl
    15·1 answer
  • What information does the painting give
    11·1 answer
  • Discuss Three Ways Contributing Factors That Led To The Human Trafficking ​
    6·1 answer
  • Why would the South oppose strong federal laws?​
    5·1 answer
  • What are the 3 major mountain ranges in Europe?
    15·2 answers
  • 14. What is the "chain of market"? Describe it.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!