If total utility is positive, marginal utility must also be positive
Indicate whether the statement is true or false
F
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By far, the most frequently encountered price discrimination is the
A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) fourth-degree price discrimination.
Which of the following is illegal according to the antitrust laws?
A) the use of coupons B) price discrimination based on cost differences C) vertical mergers D) price fixing
Vickery auctions are
a. Oral auctions b. Second price sealed bid auctions c. English auctions d. None of the above
A monopolist will find that its marginal revenue curve
A. Lies below its demand curve and is steeper than its demand curve. B. Is the same as its demand curve. C. Lies above its demand curve and is flatter than its demand curve. D. Lies below its demand curve and has the same slope as its demand curve.