Under the collusion model, the outcome in an oligopoly is the same as a monopoly.
Answer the following statement true (T) or false (F)
True
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Discrimination occurs when a group of people have different opportunities because of characteristics that have nothing to do with their individual abilities
a. True b. False
Price discrimination is illegal in the United States
Indicate whether the statement is true or false
The accompanying table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15. Number of Car Washes Per MonthTotal Monthly Benefit from Car Washes0$01$202$363$484$565$60 What is the marginal cost of the 5th car wash each month?
A. $15 B. $12 C. $14 D. $4
Capital gains tax liabilities usually
A. must be recognized and paid by the estate of the decedent upon death. B. are recognized only upon the sale of a capital asset. C. are recognized before the sale of a capital asset as the gain actually accrues. D. do not include any taxation of actual inflation.