If a market is controlled by a perfect-price-discriminating monopoly, then
A) a deadweight loss is generated.
B) there is no consumer surplus.
C) consumer surplus is the same as under perfect competition.
D) output is less than that of a single-price monopoly.
B
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
A country with a high GDP per capita can be classified as an industrially advanced country (IAC) regardless of its industrial development
a. True b. False Indicate whether the statement is true or false
Explain how a recession differs from a depression
Dynamic pricing used by companies such as Uber:
A. allows market prices to adjust in real time to changes in supply and demand. B. creates market prices that are consistently lower than those preset by firms or by law. C. has been declared illegal because it harms consumers. D. often results in shortages of desired products.