D. Renaissance
C. Michelangelo
Answer: The US economy is a Capitalist market which is the means of production and distribution are privately or corporately owned and development occurs through the accumulation and reinvestment of profits gained in a free market.
Answer:After being imprisoned by her own half sister, Elizabeth becomes queen at the age of 25 and returns England back to Catholicism (a form of Christianity). Though Catholicism was not completely eradicated, its influence was significantly reduced.
Answer:
PROBLEMS CREATED BY MONOPOLIES:
1. monopoly can cause deadweight loss, or a lack of equilibrium between supply and demand.
2. disadvantages of monopolies include price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.
3. it can cause inequality, and political abuse.
4. Monopoly tends to limit options available to consumers. Monopoly results in allocative inefficiency--in other words, the monopoly price is higher than the marginal cost of production. Profits do not encourage entry into the industry.
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