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bearhunter [10]
3 years ago
5

How was earth created plz help

Social Studies
1 answer:
Aneli [31]3 years ago
5 0

Answer:

Formation. When the solar system settled into its current layout about 4.5 billion years ago, Earth formed when gravity pulled swirling gas and dust in to become the third planet from the Sun. Like its fellow terrestrial planets, Earth has a central core, a rocky mantle and a solid crust.

Explanation:

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In such a case there is no market competition, therefore the monopoly can decide on the quantity supplied and on the price of the products (usually establishing a much higher one that if there was competition). Such a situation is harmful for consumers. They purchase products at a higher price and with lower quality because, as there is no competition, producers are not forced to continuously develop and improve their products. This is why goverment intervenes, trying to soften the situation by decreasing the profits of the monopolists and increasing the welfare of consumers, and the social welfare.

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