A monopolist is forced to lower its price in order to sell another unit of its product. this describes the problem of marginal revenue is less than price.
A monopoly is a market structure in which a single seller or a producer assumes that he has a dominant position in an industry or any sector. Monopolies are discouraged in the free-market economies as they try to stifle the competition and limit different substitutes for consumers.
In the United States, antitrust legislation restricts monopolies which ensures that one business cannot control a market and use that control to exploit its customers.
To know more about monopoly here:
brainly.com/question/10441375
#SPJ4
At the court or the town hall (town hall if you are in a suburb) you may be denied if you have a criminal past
Hope this helps you ♥︎☀︎☁︎♨︎
Answer:
One of the things President Roosevelt could have done to mitigate, rather than exacerbate inflation or economic downturn was:
B. Reduce business regulations.
Explanation:
During his tenure government obtained the legal backing to regulate businesses. We are aware of the detrimental effects of business regulations by government, which skyrocketed from 1936 at the height of the New Deal measures, thereby increasing the compliance burden on businesses. Some of the newest regulations include the Federal Trade Commission (FTC), the Fair Packaging and Labeling Act of 1966, Fair Labor Standards Act (FLSA), The Employee Retirement Income Security Act (ERISA), the Environmental Protection Agency (EPA), and several Privacy laws.
