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>
I don t get it what was the question
the mortal theorists that would consider dog to be a person is a utilitarian
The correct answer is D) Functionalist theory.
The assimilation perspective argues that in order to be full members of society members of minority groups must adopt as many aspects of the dominant culture as possible. This perspective pertains to the Functionalist sociological theory.
In sociological terms, the Functionalist theory was developed by sociologist Emile Durkheim, who expressed his interest in understanding how a society maintained its stability. This theoretical approach states that society is the sum of its parts and beyond. And each member or institution of society has to do their part for the benefit of the whole. Society is an "organism" in which every part has a specific function. If one fails, the other parts have to do more to cover that function.
Is chosen by the party with the majority of members in the legislature.
