Answer: B. If the market demand curve becomes more elastic, the firm's demand curve will become more elastic
Explanation:
Monopoly is a market structure whereby there is just one single supplier for a particular good or service. The monopolist controls the price.
We should note that the monopolist enjoys market power due to theofact that its product has an inelastic demand that is, a price change will have a minimal impact on the demand.
But the monopoly power will reduce in a case whereby the market demand curve becomes more elastic, then the firm's demand curve will become more elastic as well.
Answer:
i think the correct answer is B
Explanation:
Answer:
Take up a hobby, do not think of them.
Answer:
Horace Mann of Massachusetts (1796– 1859)
Explanation:
The nation's leading educational reformer, led the fight for government support for public schools. As a state legislator, in 1837 Mann took the lead in establishing a state board of education and his efforts resulted in a doubling of state expenditures on education.
They may have eaten wild turkey
Explanation:
Sorry if it is not right, I tried.
