Pizza producers charge one price for a single pizza and almost give away a second one. This is an example of
A) monopoly.
B) a barrier to entry.
C) behavior that is not profit-maximizing.
D) price discrimination.
E) rent seeking.
D
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Explain three ways we can use macroeconomic analysis
What will be an ideal response?
The ________ in employment during a recession is smaller if wages are ________
A) increase; flexible B) decline; rigid C) increase; rigid D) decline; flexible
Quantity of Frozen Latte-On-A-Stick SuppliedPriceFlo's SupplyRita's Supply10020334649951512
Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, if the market quantity supplied is 3, the price must be:
A. $0. B. $2. C. $4. D. $5.
The amount of funds the Social Security system has loaned the federal government is
A. included in the net private debt. B. included in the net public debt. C. added to the gross public debt to calculate the net public debt. D. excluded from the net public debt.