A price-discriminating monopolist with two markets will equate
A. marginal revenue and marginal cost in each of the two markets.
B. the prices of two markets.
C. price and marginal revenue in each of the two markets.
D. the average costs of the two markets.
Answer: A
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Assuming a homogeneous product, the Bertrand duopoly equilibrium price is
A) the same as the Cournot equilibrium price. B) less than the Cournot equilibrium price. C) greater than the Cournot equilibrium price. D) equal to the monopoly price.
Economists believe that free riders often can undermine the social commitment of many in the society, causing voluntary policies to fail.
Answer the following statement true (T) or false (F)
A legal condition under which any damages or debts incurred by a business are the owner's personal responsibility
What will be an ideal response?
The monetary base does NOT include
A) currency. B) reserves of depository institutions. C) checking accounts at commercial banks. D) commercial banks' reserves.