I think the correct answer would be A. I just found something in my textbook that says, "Around Israel" But sadly no specific location.
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>
Cultural geography
<span>learned patterns of human behavior held in common by a group of people
-studies the relationships between space, place, environment, and culture. It examines how culture is expressed and symbolized in the landscapes we see around us, including homes, commercial buildings, roads, and agricultural patterns</span>
Answer:
Treaties keep countries at bay, so to speak, it keeps wars from starting and it states that certain countries are allies.