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>
Was important bc it was an American initiative to aid Western Europe, which the United States gave over 12$ billion in economic support to help rebuild Western Europe after the end of World War 2
Answer: the second one: “work together to make just and equal laws”
Explanation:
The Pilgrims didn’t have the Native Americans in mind when they made the Compact, so the first one isn’t correct. The Pilgrims also didn’t have the Spanish in mind, and technically they were on the way to New England when they made the Compact, so they didn’t know whether or not the Spanish made a fort, so the second one is incorrect. Finally, the third one is incorrect because the Pilgrims were very strict when it came to their religion, and church was a must.
Answer:
The Italian city-states were a political phenomenon of small independent states mostly in the central and northern Italian Peninsula between the 9th and the 15th centuries.
After the fall of the Western Roman Empire, urban settlements in Italy generally enjoyed a greater continuity than in the rest of western Europe. Many of these towns were survivors of earlier Etruscan, Umbrian and Roman towns which had existed within the Roman Empire. The republican institutions of Rome had also survived. Some feudal lords existed with a servile labour force and huge tracts of land, but by the 11th century, many cities, including Venice, Milan, Florence, Genoa, Pisa, Lucca, Cremona, Siena, Città di Castello, Perugia, and many others, had become large trading metropoles, able to obtain independence from
