A good example of perfect price discrimination is
A) selling concert tickets to individuals on the street corner.
B) buying concert tickets at the ticket window.
C) selling concert tickets at the ticket window.
D) buying a concert ticket on the street corner.
A
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A straight-line production possibilities curve takes this shape because
A) the opportunity cost of producing a good is constant. B) the opportunity cost of producing more of a good is decreasing. C) resources are better suited for producing one output than another. D) resources are fixed.
The multiple by which total deposits can increase for every dollar increase in ________ is the money multiplier.
A. loans B. liabilities C. reserves D. M1
Externalities occur when there is a lack of
A) free-riding. B) well-defined property rights. C) market participants. D) government regulation.
The most common form of business organization, as far as the number of such firms in business, is the
A. partnership. B. corporation. C. proprietorship. D. S corporation.