Price discrimination is welfare reducing
A) False, price discrimination can increase the coverage of a market thereby increasing welfare.
B) False, price discrimination limits the coverage of a market thereby increasing welfare.
C) True, price discrimination limits the coverage of a market thereby increasing welfare.
D) True, price discrimination can increase the coverage of a market thereby increasing welfare.
A
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The action taken by a country's central bank to prevent balance of payments policies from influencing the country's domestic money supply is called a:
A) fiscal policy intervention. B) monetary policy intervention. C) sterilized intervention. D) non-sterilized intervention.
The marginal rate of substitution is the
a. quantity of a good a consumer receives for $1 payment b. income a consumer gives up to acquire one unit of the good c. ratio of the prices of two goods d. rate at which the consumer is willing to trade one good for another good e. relative quantity of a good that two consumers trade
State universities and community colleges, the National Endowment for the Arts, public libraries, art galleries, and museums are all examples of
a. exclusive goods b. rival goods c. merit goods d. public goods e. private goods
Empirically output growth 1% above normal for one year leads to a ________ in the employment rate
A) 0.6% B) 0.7% C) 0.8% D) 0.5%