As long as as a monopolist is able to control the resale of its product, then it can successfully practice price discrimination
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Chicken and fish are substitutes. Therefore, the cross elasticity of demand between chicken and fish should be: a. negative
b. positive. c. zero. d. All of the above are possible.
Economics
A decrease in real GDP relative to the natural rate of output creates an expansionary gap
a. True b. False Indicate whether the statement is true or false
Economics
If in some year nominal GDP was $18 billion and the GDP deflator was 120, what was real GDP?
a. $6.7 billion. b. $15 billion. c. $21.6 billion. d. $38 billion.
Economics
"Gacy's can sell clothing at lower prices than Mimbel's because Gacy's owns their own building, but Mimbel's has to pay rent." This statement is
What will be an ideal response?
Economics