<span>The Global Positioning System is a network of 21 satellites plus 3 working spares. The Global Positioning System is also known as GPS which is a satellite-based radio navigation system that the United States government owns and the Air Force operates. This system provides information about geolocation and time information to anyone who has a receiver on Earth. </span>
Monopolistically competitive market is a market which sells differentiated products and has a few entry barriers.
While there are many kinds of market, it can be differentiated based on types of products, barriers, buyers and sellers etc.
These characteristics differentiate markets in two types: oligopolistic and monopolistic market.
A monopolistic market has many firms while oligopolistic has few firms and has more entry barriers.
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Answer
The question is incomplete; assuming that the market price is $5.
The answer will be consumer surplus decreases.
Explanation:
Consumer surplus is a measure of consumer welfare. It is measured as the difference between what customers are willing and able to pay for a good and the price they actually pay.
A) 16,000 because the other two requirements are added to the machine after it is all paid for unless the insurance is bought with the machine which then it would be C) 16,800
D: Certificate of deposit
thats the correct answer
