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>
The legislative branch of the government consists of the house of the senate and the House of Representatives and together they form the Congress. Since the House of the Representatives are elected every two years, and are chosen from normal and honest citizens, the people are guaranteed to have their voice really heard and represented at the Congress. When the citizens think they need a law to benefit society the take a bill to their representatives who have the power to present it to the congress and introduce for legislation if voted in favor.
The main and most important job of the Legislative branch of the government is to create laws or amend existing ones.
When technology is used to deliver messages between sources and receivers this is known as mediated technology.
<h3>What is
mediated technology.?</h3>
Mediated communication can be described as the mediated interaction which is the communication that is been carried out by the use of information communication technology .
This is similar to contrasted to face-to-face communication, hence When technology is used to deliver messages between sources and receivers this is known as mediated technology.
Learn more about mediated technology at:
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