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>
Do you have a list of possible answers? "the following"
Answer:
Poisonous foods can be detected by the bitter taste receptors.
Explanation:
The tongue has various taste receptors, which detect the 5 tastes:
- Sour
- Salty
- Sweet
- Bitter
- Umami
Since most poisons are bitter, they are easily detected by these taste receptors. This taste has evolved in order to keep individuals safe from poisoning themselves and surviving.
Answer:
Judges can serve for their lifetime, as long as they are under good behavior.
The first one is done alone the second is done with someone else
