People sometimes act differently in different settings. An economist is likely to explain this by saying
A) the benefits and costs of certain behaviors can be different in different settings.
B) people are hard to figure out.
C) people behave as others behave.
D) it is hard to figure out what makes people tick.
E) none of the above
A
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After analyzing his opponent, a tennis player decides to serve 10% of his serves to the left, 50% of his serves to the right, and 40% of his serves at the body of his opponent. This illustrates a
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A law that encourages market competition by prohibiting firms from gaining or exercising excessive market power is
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