A noisy monopoly
A) will be regulated by the Federal Trade Commission until it reduces its noise emissions.
B) sells products under its own label for a low price, and sells the virtually identical product with the same quality under a private label for a higher price.
C) sells products under its own label for a high price, and sells the virtually identical product with the same quality under a private label for a lower price.
D) leverages the Lemon Law to sell both good and poor quality goods for the same price.
C
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Your text suggests the Fed
A) is a slave to Congress. B) is totally free from political pressure. C) probably cannot pursue monetary policies that completely contradict the federal government's fiscal policies. D) is a hoax and a shame that ought to be abolished.
Which of the following is an advantage of earmarked taxes?
a. They are flexible. b. They never lead to overproduction. c. They make it more difficult for politicians to alter the expenditure mix away from their preferences. d. They make it easier for politicians to alter the expenditure mix to achieve economic efficiency.
Assuming a 5 percent rate of interest, the present value of a business that generates an annual income of $20,000 is worth
a. $1,000 b. $20,000 c. $400,000 d. $80,000 e. $100,000
Under a pure flexible exchange rate system, the rate that equates demand and supply in the exchange rate market will also lead to a balance of
a. merchandise exports and merchandise imports. b. current account transactions. c. capital account transactions. d. current and capital account transactions.