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>
The things you need to survive and to achieve a happy life: food, water, sleep, safety, shelter.
Answer: Safety is the high priority
Explanation:
Nowadays, it's no more a news, that safety of medical client, has become the highest priority in medical health system globally. It ranges from safe medication management, harm free drug prescriptions, danger free usage by client by using research based method in planning and improving quality of health safety.