Your answer is ( checks and balances )
We can say that in a monopoly, the price is always higher than the socially optimal price
EXAMPLE: a pharmaceutical company brings out a new medicine for diabetes. It acquires a patent from the government for the production of that medicine implying that only that pharma company has the right to produce the medicine till the patent expires. This leads to a monopoly situation in the market. Now this pharma company can charge the highest price possible so that its profit is maximum since it is the sole producer of that medicine.
A theocracy is based around a God as the supreme ruler. Not a king or queen.
So your answer will be B. False.
Hope I helped! :)
After the cake is cut, a total of 24 cake pieces remain.
We say 'eh' a lot. Yea, so? ...
We live on a diet of back bacon and maple syrup. ...
We only love the sport of hockey. ...
Our favourite fashion accessory is the toque. ...
It's wintertime 11 months of the year. ...
We are really polite. ...
We say 'aboot.' ...
