The correct answer would be, Monopoly.
Monopoly runs most efficiently when one large firm supplies all of the output asap.
Explanation:
Monopoly is a type of market in which there is one large producer of the product or service. The price of the product is usually set by the producer due to its advantage of a single producer in the market.
If there would be more producers of that specific product in the market, then due to the competition, the price of the product would change.
For example, in Pakistan, there is only one provider of the Sui Gas in the whole country. We can say that the Sui Gas provider has the monopoly in Pakistan. They can change the prices on regular basis and people have to pay them because of the unavailability of the substitute.
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Answer:Risky Shift Phenomenon
Explanation:
There are decisions that seem easier to take when we are not taking them alone, we may even take a risk in groups that we wouldn't take if we were doing it individually. This occurs because we know that the risk is shared amongst everyone in a group , which decreases individual risk. This is what is called a risky shift.
This means even the most cautious person may loosen up a bit and be willing to take a risk if they are in company of others. Sometimes the Risky Shift may also occur because you don't want to let your friend down or dissapoint them when they suggest something risky.
Sometimes high risk takers may be very influential such that you may find yourself willing to take a risk with them.
The correct answer is "the gods" through the Mandate of Heaven.
Answer:
Answer is Stanford-Binet.
Explanation:
Stanford-Binet intelligence test was created or designed to measure intelligence and five factors of cognitve abilities. The five factors are knowledge, visual-spatial processing, quantitative reasoning, fluid reasoning and working memory.
The renowned psychologist, Lewis M. Terman, wasone of the first to design or create the Stanford-Binet intelligence test, and his test was named as the Stanford-Binet intelligence scale.
