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>
Answer:
try japan hope this works
Explanation:
This is an example of sexism but it is also due to the fact that construction is a lot more dangerous that child care so the pay difference is normal it is sexist to assume that childcare is a women's job but the pay has nothing to do with the sex of the workers
Answer:
express a consistent, unwavering viewpoint
Explanation:
Mark is a Democrat. He just joined a Welfare Reform Committee made up of nine Republicans. Mark holds a minority opinion on this issue. If Mark wants his opinion to influence the group’s final recommendations, he should EXPRESS A CONSISTENT, UNWAVERING VIEWPOINT
Answer:
the Cherokee, Choctaw, Chickasaw, Creek, and Seminole Indians
Explanation: