The benevolent social planner engages in
A) positive economic analysis.
B) normative economic analysis.
C) both positive and normative economic analysis.
D) neither positive nor normative economic analysis.
A
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Oligopoly is
A) always efficient. B) efficient only if the firms cooperate. C) efficient only if the firms play non-repeated games. D) generally not efficient. E) efficient only if the firms innovate.
Two-part pricing allows the monopoly firm to capture all of the potential consumer surplus generated by the sale of its product
Indicate whether the statement is true or false
Only economists and other "social" scientists have areas of dispute within their disciplines
a. True b. False Indicate whether the statement is true or false
If the ABC Company decides to take over the XYZ Corporation by purchasing all of the stock of XYZ, what does this tell us about the view ABC holds of XYZ?