McDonald's restaurant located near the high school offered a Tuesday special for high school students. If high school students showed their student ID cards, they would be given 50 cents off any medium combination meal
This practice is an example of: A) collusion.
B) price discrimination.
C) two-part tariff.
D) bundling.
E) tying.
B
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In general, a fine on smoking cigarettes shifts the ________ curve of cigarettes ________
A) supply; rightward B) supply; leftward C) demand; rightward D) demand; leftward
What is the AA-curve? Why does it have a negative slope? What factors cause it to shift?
What will be an ideal response?
The "rules of the game," the set of conditions that shape individual incentives and constraints, are determined by
a. the production possibilities frontier b. scarcity c. technology d. the amount of consumer goods in the economy e. laws about resource ownership and the role of government
The European Common Market was renamed the ______________________.
Fill in the blank(s) with the appropriate word(s).