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:
sympathetic
Explanation:
The term "sympathetic nervous system" is one of the different parts of an individual's nervous system that generally directs his or her body's rapid "involuntary responses" related to stressful and dangerous situations. Thereafter, a flash flood of his or her body's hormones boosts the body's heart rate and alertness, and hence sending extra blood to his or her body's muscles.
In the question above, the given statement represents the sympathetic nervous system.
The answer would be China as they have the most economic trade
Answer:
Hence the information at disposal was incomplete.
Explanation:
The absence of a flight data recorder led the investigators to call off the investigation. It is often concluded that the investigation was called off because:- the information at disposal was incomplete. The flight data recorder is a crucial instrument that receives information from the sensors located in several parts of the plane and provides essential information associated with aircraft accidents.
Answer: He did not identify a spurious relationship.
A spurious relationship is one where two variables are not causally connected to each other, but may be inferred that they are because of their simultaneous appearance and a similar behaviour. These two variables are only linked with each other by coincidence, or through a third variable.
In this case, the mayor assumes that the implementation of the new regulations caused the crime rate to go down, when in fact there is a third variable (weather) that was the true cause.
In other words, the mayor equated correlation with causation. This is a common mistake in economics due to the inability of economists to perform experiments, having to rely solely on statistical analysis. In order to be aware of this mistake, it is good to remember the motto "<u>correlation is not causation</u>."
