You can choose a price that <u>maximizes your profits</u>.
<u>Explanation</u>:
If you are the only clothes producer in the industry, it is known as monopoly. Monopoly means a single seller selling a unique product without competition.
The monopoly seller has the right to choose the price for his goods. He can fix the price in the way to maximize his profit. As he is the sole seller, he will not have any competitions in the industry. This in turn helps him to make lot of profit on producing clothes with full freedom in fixing the price of the clothes.
Answer: The statement provided is FALSE.
Explanation: The Tea party was a political movement formed by Republicans who were against Obama's policies, such as the health care reform known as Obamacare. However,<u> this political organization was named after an important protest: the Boston Tea Party, which took place in 1773</u>, that is to say during the American Revolution. In that way, <u>the statement provided is false since the Tea Party's name does not refer to the Mad Hatter's tea party</u> in Lewis Carroll's<em> Alice in Wonderland</em>.
Answer:
tend to believe the United States should stay out of foreign countries
Silent gen.- tend to see the United States as a world guardian of freedom and democracy
