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Sunny_sXe [5.5K]
3 years ago
7

The economy of Estonia has been successful due to a large amount of

Business
2 answers:
Fofino [41]3 years ago
8 0
The correct answer to the question is letter A. Capital
Harlamova29_29 [7]3 years ago
3 0
The answer is D. Traditional Values

Estonia is a small country and doesn't have a large amount of capital and workers, so it's not option a and B

Estonia is really famous for the Economic freedom imposed by its Government so the answer is not option c.


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The monopolist will select the profit-maximizing level of output where

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 Because Chuck, a sole commercial airplane operator in small isolated town, has no  competition, he has complete control of market price of air travel in his small tone

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 Monopoly maximizes profit by choosing an amount of profit in which marginal revenue  equals marginal cost (MR= MC)  Since Chuck must reduce his price to sell more units, he has an incentive to sell a  smaller quantity than a perfective competitive company

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