The private information revealed during screening typically refers to information:
A. that individuals generally do not want anyone to find out.
B. that is embarrassing.
C. that is personal.
D. that is not public.
Answer: D
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Which of the following is NOT necessary in order for a monopolist to practice effective price discrimination?
A) The marginal cost of providing the same good to different groups of buyers must be different. B) The monopolist must be able to segregate its market into different submarkets. C) The buyers in various markets must face different price elasticities of demand. D) The monopolist must have a downward sloping demand curve.
In 2017, corporate profits were about ____ percent of national income.
A. 7.2 B. 12.6 C. 25.3 D. 44.1
A shift of the MP curve ________
A) implies an automatic adjustment of the interest rate B) implies a direct policy action of the Federal Reserve C) does not alter the relationship between inflation and the interest rate D) all of the above E) none of the above
The automobile, breakfast cereal, and tobacco industries are examples of
a. monopolistic competition b. oligopoly c. perfect competition d. monopoly e. monopsony