When a firm engages in perfect price discrimination,
a. marginal revenue is equal to price
b. marginal revenue is below price
c. marginal revenue is below marginal cost
d. profits are reduced relative to a single-price monopolist
e. rent-seeking behavior must occur
A
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When the actual unemployment rate equals the natural unemployment rate, inflation is
A) zero. B) constant. C) rising. D) falling.
If the minimum wage is $7, how many people are employed?
Most currency trades in London do not involve the British pound
Indicate whether the statement is true or false
In the derivation of ATC, to find its minimum, you need
A. the minimum-slope ray out of the origin to the TVC. B. the minimum-slope ray out of the origin to the ATC. C. the minimum-slope ray out of the origin to the TC. D. the flattest slope on the TC.