Consent of the governed refers to the idea that a government is legitimacy and more right to use state power is only justified and lawful when consented to by the people or society over which that political power is exercised
Answer:
Explanation:
The president has power. But he is not a dictator. There is a power that checks his power to make sure that he is not using his power to become a tyrant.
America spilled a lot of blood to free itself from George III (King of Great Britain). The Fathers of Confederation never wanted the replacement of one madman who sought power to be replaced by another just as mad and just as power hungry.
If you look it up, it is called constitutional checks and balances.
Answer:
C. If the firm were to charge more than the going price, it would sell none of its goods.
Explanation:
A price-taker firm is defined as an individual company which must accept the prevailing prices in the market, lacking a market share to influence the market price on its own.
If a company is considered as a price taker in the competitive market, it does not have the power to influence the present market price by the quantity of the products it produces.
Thus if a price taking firm can charge more for a product than the going market price, then it would not sell its products.
Hence the correct option is (C).
