In the real world:
A. businesses can easily identify different groups' willingness to pay, so price discrimination is prevalent in every market.
B. price discrimination is practiced less today than it was in the mid-1900s.
C. perfect price discrimination is impossible.
D. price discrimination has only been observed where monopolies are present.
C. perfect price discrimination is impossible.
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Compare and contrast the effect of perfect competition to the effect of perfect price discrimination on: a) efficiency. b) consumer surplus. c) economic profit in the long run
What will be an ideal response?
Which of the segments of the aggregate supply curve is called the Keynesian region?
A. QR
B. RS
C. ST
D. QRS
Monetarists argue that an exogenous fall in investment spending leads to
A) declining real output. B) declining money supply. C) declining velocity. D) declining interest rates.
The government budget deficit, ________, is ________ when saving exceeds domestic investment
A) (T - G), created B) (T - G), partially financed C) (G - T), created D) (G - T), partially financed