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(a) Explain what is meant by monopoly and, using a diagram, explain why a monopoly may have lower average costs of production than a firm in perfect competition. [10]

·        Definition and examples of different types of monopoly.I.e. pure, natural, and local monopolies.High barriers to entry&exit / price-makers.·        Definition of perfect competition.Many buye...

ES
Answered by Ethan S. Economics tutor
2579 Views

An amount of money is split between three people: A, B, and C. C gets 50%, B get 3/9, a) what share does A get. A has £10 b) how much does B have? C spends 90% of his money c) how much total money is left between A, B and C?

a) 1/6b) £20c) £20+£10+(0.1*£30)= £33

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Answered by Tom H. Maths tutor
1459 Views

How many thirds are there in 8? a)3 b)24 c)9 d)22 e)4

b)243*8=24

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Answered by Tom H. Maths tutor
2426 Views

a) Give an example of an alpha radiation source used in homes b) Why is it safe to use a source of alpha radiation in the house

a) Smoke detector- americiumb) As alpha radiation is not very penetrating

Answered by Physics tutor
3211 Views

Explain why you would like to study medicine as opposed to nursing?

Why medicine? - Answer with examples like i want to apply more scientific principles to my work, I would like a greater understanding of the physiology and disease processes, diagnosis focused, use specif...

1193 Views

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