Perfect price discrimination is also known as
A) first-degree price discrimination. B) yield management.
C) third-degree price discrimination. D) monopoly.
A
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For an inferior good, the income and substitution effects
A) work together. B) work against each other. C) can work together or in opposition to each other depending upon their relative magnitudes. D) always exactly cancel each other.
An increase in unemployment insurance and other transfer payments may
A) increase the natural rate of unemployment. B) increase the number of discouraged workers. C) reduce the rate of inflation at every level of unemployment. D) lead to less unanticipated inflation.
Suppose there is an unusually large crop of apples this year. How might this affect the market for apples?
A. The demand would increase, increasing both equilibrium price and quantity. B. The supply would increase, decreasing equilibrium price and increasing equilibrium quantity. C. The demand would decrease, decreasing both equilibrium price and quantity. D. The supply would decrease, increasing equilibrium price and decreasing equilibrium quantity.
In the wireless communication industry, firms that provide broadband access to the Internet are best regarded as
A. end users in a matchmaking market. B. platforms in a shared-input market. C. end users in a shared-input market. D. platforms in a matchmaking market.