The number of compact discs purchased by a consumer depends on the price of the discs as well as the prices of all other goods purchased.
Answer the following statement true (T) or false (F)
True
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Who is likely to complain to state regulatory authorities about unlicensed movers defrauding customers?
A) Consumer organizations B) Individual customers who are planning to move C) Individual customers who have already used unlicensed movers and have not been thoroughly satisfied D) Licensed movers E) Unlicensed movers
In practice, price discrimination is never perfect. Why?
What will be an ideal response?
The Coase theorem states that
A. transaction costs consist of marginal private costs and marginal social costs and are higher when exchange is subject to increasing marginal costs. B. transaction costs are the difference between marginal social costs and marginal private costs and are higher when exchange is subject to decreasing marginal costs. C. when transaction costs are significant, the resource-allocative outcome will be the same regardless of who is assigned the property rights. D. when transaction costs are insignificant, the resource-allocative outcome will be the same regardless of who is assigned the property rights. E. b and c
Which of the following is most important if a country is going to achieve and sustain rapid economic growth?
What will be an ideal response?