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>
Answer:
is there any options? if not it might be Haiti
<span>Article I of the Constitution describes the structure of the legislative</span>
Answer:
i believe the answer would be E
Explanation:
Fried's definition Political Organization could mean any type of public policy and so when Kottak changed the word to Sociopolitical Organization it referred to a specific policy
