Answer to Question #130774 in Macroeconomics for stephen

Question

Dr. Muchuu runs a sole firm in Zambia called Elena Enterprises such that he is the only supplier of infrared
thermometers. Kindly state the scientific name given to Dr. Muchuu and briefly describe the features of Elena
Enterprises. Graphically differentiate Elena Enterprises from a perfect competitive market.
(b) A certain region licensed only one firm to supply tap water within that region. Graphically illustrate why it
is more economical to have a sole water supplier in a particular region.

Answer 1

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