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.
The code of conduct a knight was expected to follow was The Code of Chivalry. It was their highest moral system that wasn't just rules of combat, but introduced fine qualities such as bravery, courtesy, honor, gallantry, etc.
Freedmen's Bureau<span> was established in 1865 by Congress to help former black slaves and poor whites in the South in the aftermath of the U.S. Civil War.</span>
Answer:
Jerremy has arrived at an (incorrect) fallacious conclusion.
Explanation:
Jeremy in assuming that there is a direct correlation between the two factors: being vegetarian and going to the moon. However that is nos not true, those events have no proven direct correlation on their own, so, becoming a vegetarian will not increase the probability of him going to the moon. Even if a correlation could be proven it would be possible to assume that being an astronaut increases the chances of one being vegetarian, not the other way around.
<span>Given the ideals and theoretical foundation of capitalism, first determined by Adam Smith, it is true that he would believe that giving the resources to the private citizens in society would allow them to be more effectively allocated to those in need, as opposed to handing it to the government.</span>
