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.
Answer:
D
Explanation:
Its obvious, because workers were treated unfairly during that time, and they had no way to stand up for themselves. So unions were created to go on strikes, stand up for each other, etc.
Answer: However, most democracies in the world today use the parliamentary system as opposed to a presidential system like that used in the United States. A few examples among the many parliamentary democracies are Canada, Great Britain, Italy, Japan, Latvia, the Netherlands, and New Zealand.
Explanation: Hope It Helps you !?
Answer:
John C. Payne's Copy of James Madison's Original Notes on Debates in the Federal ... Convention of 1787," the convention that had drafted the U.S. Constitution. ... there were many emendations, deletions, interlineations, and insertions in the text. ... Madison worried that the "plan should it be adopted will neither effectually
Explanation:
agree
Support a large population, which eventually formed into cities
