Answer:
- 1) Higher prices than in competitive markets Monopolies face inelastic demand and so can increase prices – giving consumers no alternative.
- 2) A decline in consumer surplus.
- 3) Monopolies have fewer incentives to be efficient.
- 4) Possible diseconomies of scale. Explanation:
<h3>Hope this answer will help you.</h3>
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Answer:
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Answer:
Which layer of the earth are the same age
Explanation:
RELATIVE AGE. The Law of Superposition states that in a layered, depositional sequence (such as a series of sedimentary beds or lava flows), the material on which any layer is deposited is older than the layer itself. Thus, the layers are successively younger, going from bottom to top.
Budgeting. Budgeting is one of the most important things local government does. ...
Local Legislation & Policymaking. Legislative bodies at the local level, such as county boards of supervisors and municipal city councils, pass laws and policies on a wide range of issues. ...
Planning. ...
Voting & Elections.
