I watched a TV commercial for a new kind of running shoe. A large shoe manufacturer created the commercial.
"<span>European colonial powers established boundaries before vacating the lands" is the best option. This of course caused great disturbances and suffering in the region. </span>
Answer:
1854
Explanation:
"Extravagance and destitution: the Singhs in England
Five years later, Duleep would follow, and when he reached England in 1854 he became a favourite of Victoria and Albert."
We can say that in a monopoly, the price is always higher than the socially optimal price
EXAMPLE: a pharmaceutical company brings out a new medicine for diabetes. It acquires a patent from the government for the production of that medicine implying that only that pharma company has the right to produce the medicine till the patent expires. This leads to a monopoly situation in the market. Now this pharma company can charge the highest price possible so that its profit is maximum since it is the sole producer of that medicine.
