The correct answer is that, Monopoly sets their own prices.
When there is no competition in a monopoly it shows that , monopoly they do set their own prices. Monopoly is termed as the only enterprise or person who supplies a particular commodity.
They are characterized by way of lacking competition in economic which produces either services or goods.
We say that there is high monopoly profit when there is monopoly price is being high than marginal cost of the seller.
Government can establish monopolies by integration form.
Answer:
Ability to act or do somehting in a certain way escpecially as a quality.
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Yes individual Is the basic unit of society. Individuals can play a very important role In the development of the society. If every individual in the society are united together then only it can form a society. So individual is the basic unit of society.
Answer:
Nationalism caused new nations to be formed such as Germany and Italy. - These nations challenged the supreme position of older European nations. - Nationalism also threatened to break apart empires, such as Austria – Hungary, because different ethnic groups wanted independent nations of their own.
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The answer is simply d 100
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