Answer:
False is the correct answer.
Explanation:
The correct answer is C.
A monopoly is a market structure where a single firm serves the whole demand of a specific good or service. It does not face competitors, therefore, such firm has absolute market power to decide the price charged for its products.
So, the monopoly is able to charge a higher price than in a perfect competition scenario where the price would be set at the intersection betweeen the demand function and the marginal cost function.
Instead, the quantity sold in the monopoly (<u>q*) is determined by the intersection of the marginal revenue and marginal cost curves, and the monopoly price is computed by substituting q* in the expression of the demand function </u>(because the demand function relates price and quantity).
<u>The result is 15$ as the picture shows. </u>
In a fully developed use case description the postcondition data describes the existence of domain model objects.
A postcondition in computer programming is a condition or predicate that, immediately following the execution of a certain line of code or an action in a formal specification, must always be true. In some cases, code-based assertions are used to test postconditions. Postconditions are frequently just listed in the affected code section's documentation.
Postconditions, together with preconditions and class invariants, are elements of the programme construction process design by contract in several software design methodologies.
Learn more about postcondition here
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Hey there,
Answer : <span>Cannon-Bard
Hope this helps :D
<em>~Top♥</em>
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