Answer:
- 1) Higher prices than in competitive markets Monopolies face inelastic demand and so can increase prices – giving consumers no alternative.
- 2) A decline in consumer surplus.
- 3) Monopolies have fewer incentives to be efficient.
- 4) Possible diseconomies of scale. Explanation:
<h3>Hope this answer will help you.</h3>
Theres no pic of the types of tax for this ?
Answer:
Graphs show a pattern in something that we are following. So by using those patterns on the graphs, we can see how the process that we are following is changing and we can conclude that without anything drastic happening the process will continue with the same pattern.
An example would be a pattern in weight loss. If a graph shows that a person is losing weight 1 pound per week we can conclude that the next week the person will have 1 pound less. This will only change if the person starts eating more which would be a drastic change to the pattern.
The correct answer is B. The Paradox of Plenty (also known as the Resource Curse) refers to how the discovery an abundance of natural resources (such as oils, fossil fuels and minerals), does not necessarily mean that the nation in question will have a major economic growth, in fact, it usually results in less democracy, and worse development outcomes than countries with fewer natural resources. This impacts the country very negatively and reduces productive activity drastically.
Manifest Destiny was the belief that settlers had the right to settle in the West. Therefore, they believed nothing had the power to prevent their settlement
Hope this helps
