The stock of unused goods held by a firm is called a(n):
a. depreciation.
b. supplement.
c. deadweight loss.
d. excess capacity.
e. inventory.
e
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An example of overt collusion is
A. a cartel. B. price leadership. C. tacit collusion. D. a perfectly contestable market.
Refer to Figure 16-5. Suppose the firm represented in the diagram decides to practice perfect price discrimination. What is the total revenue collected by the firm?
A) $6,720 B) $7,680 C) $10,240 D) $13,440
Season ticket holders for the St. Louis Rams received a surprise when they read the applications forms to renew their season tickets. In order to get their season ticket to the Rams' home games, they also had to buy tickets to the preseason games
Many season ticket holders grumbled about this practice as an underhanded way for the St. Louis Rams to get more money from its season ticket holders. This practice is an example of: A) peak-load pricing. B) intertemporal price discrimination. C) two-part tariff. D) bundling. E) Both A and B are correct.
For any horizontal demand curve, the price elasticity of demand is:
A. infinite. B. 1. C. equal to the price of the good. D. 0.