Answer:
The correct statement lies in option C.
Monopolies negatively affect consumers.
Explanation:
- The statement that best captures the economic message of the cartoon is that monopolies negatively affect consumers.
- When a specific enterprise or person is the only supplier in the market, it is called monopoly.
- Monopoly can result to higher prices of the good, also known as price taker as there is no other enterprise which can supply the same good.
- Here, Santa Claus is the monopoly as he is the only supplier of gifts in Christmas so he gets sloppy and result in low output in his work.
Becoming aware of your assumptions and becoming open to different points of view can help you demonstrate respect for various approaches to work tasks and styles, making it easier for you to build relationships and be successful with others in your career.
By processing their milk supply by themselves and cutting out middlemen, by pooling their resources and working together, the members of Swaayam Ksheer have been able to generate more purchasing power and grow their operations and have been able to double their profits.
Answer:
A) True
Explanation:
Monumental can discharge the contract by frustration. In order for a contract to be discharged by frustration, four conditions have to occur:
- An unforeseeable event must occur: In this case the zoning changes were unforeseeable.
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No party is at fault: the zoning board made the changes to the zoning of the land.
- Performance is impossible: there is no reason why an office building should be built in a residential only area.
- The result is radically different than expected: neither Monumental or Champion Builders expected a zoning change to occur.
Answer:
C. farmers would not be able to sell all their wheat.
Explanation:
At a price of $4, quantity supplied exceeds quantity demanded. Quantity supplied is 73 while quantity demanded is 50. There is an excess supply over demand. Therefore, farmers would not be able to sell all their wheat.
Equilibrium price is $2. This is where quantity supplied equals quantity demanded.
I hope my answer helps you
