You can choose a price that <u>maximizes your profits</u>.
<u>Explanation</u>:
If you are the only clothes producer in the industry, it is known as monopoly. Monopoly means a single seller selling a unique product without competition.
The monopoly seller has the right to choose the price for his goods. He can fix the price in the way to maximize his profit. As he is the sole seller, he will not have any competitions in the industry. This in turn helps him to make lot of profit on producing clothes with full freedom in fixing the price of the clothes.
Pretty sure it’s artisan correct me if I’m wrong
In the Declaration of Independence the argument for freedom from British rule is based primarily on the social contract theory of the government that was developed by John Locke. According to this theory, the people had the right to select a new government because the existing government was not serving the people.
The answer in this scenario is regulation (Answer B).
Education results in a more skilled and productive work force, technological advancement improves efficiency and therefore productivity, and trade promotes increases in productivity.
Regulation, while necessary in many industries, is a form of restriction. This often means it drives up the cost in providing goods and services which dampens productivity. It's important to note that regulation is a very important tool to protect certain aspects or parties within an industry. For example, regulation is often in place to limit the maximum price that consumers (like you) can be charged for essential services like energy, water and sewerage.
Answer:
the correct answer is C on plato:)
Explanation:
