Price discrimination exists:
A. in all industries, regardless of market structure.
B. because sellers try to exploit differences in customers' willingness to pay.
C. only when demand is inelastic.
D. only in perfectly competitive markets.
Answer: B
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A) the foreign exchange market. B) the currency exchange market. C) the money exchange market. D) the dollar exchange market.
Briefly describe why taxes create deadweight loss
Refer to the given information. In equilibrium, I g is:
Answer the question on the basis of the following information for a hypothetical economy. All values are in nominal terms. M = $100 V = 2 C a = $160 X n = $10 G = $10 A. $20. B. $10. C. $5. D. $50.
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