Which is not an example of price discriminating by separating markets?
a. offering discounts for students with IDs.
b. charging lower prices for airline tickets with a Saturday stay-over.
c. selling 13 bagels (a "baker's dozen") for the price of 12.
d. selling snowblowers at a discount in relatively warmer climates.
c
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Oligopoly differs from perfect competition and monopolistic competition in that
A) demand and marginal revenue curves are more useful for analyzing oligopoly than they are for analyzing perfect competition and monopolistic competition. B) the concentration ratios of oligopoly industries are lower than they are for perfectly competitive and monopolistically competitive industries. C) barriers to entry are lower in oligopoly industries than they are in perfectly competitive and monopolistically competitive industries. D) because oligopoly firms often react when other firms in their industry change their prices, it is difficult to know what the oligopolist's demand curve looks like.
Transfer programs that do not tie benefits to contributions are called
a. social insurance programs b. income assistance programs c. health aid programs d. bonus programs e. compensation programs
For policymakers, the problem with a recessionary gap is ________ and the problem with an expansionary gap is ________.
A. a tendency for inflation to increase; wasted resources B. an increase in cyclical unemployment; an increase in structural unemployment C. wasted resources; a tendency for inflation to increase D. an increase in structural unemployment; an increase in cyclical unemployment
Nearly all of the budget deficits we had in the 1980s were
A. under $10 billion. B. between $100 billion and $200 billion. C. between $200 billion and $300 billion. D. over $300 billion.