Oligopolists often use price discrimination to increase economic profit. Which of the following is not considered to be price discrimination?
a. discount admission for children to Disneyland
b. senior citizen's bus discounts
c. student rates for movie tickets
d. "men only" clubs
e. paperback and hardcover books
D
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If you travel through the western United States in the summer, you are much more likely to encounter a shortage of camping spaces than a shortage of motel rooms because
A) camping sites are usually less expensive than motel rooms. B) motels are more often privately owned. C) the government has not provided as many camping spaces as the public wants. D) there are more motel rooms than camping spaces. E) vacationers in the summer display a greater demand for outdoor than for indoor sleeping sites.
If collusion was not illegal, than it is more optimal
a. For megastore to advertise and for superstore to advertise b. For megastore to advertise and for superstore not to advertise c. For megastore not to advertise and for superstore to advertise d. For megastore not to advertise and for superstore not to advertise
Which of the following is a fixed cost?
a. electricity b. worker bonuses c. mortgage on the building d. steel to produce refrigerators
Which of the following will reduce the risk accompanying equity (stock) investments?
a. the purchase of shares of a mutual fund that holds the stocks of many diverse corporations b. the purchasing and holding of equities over a lengthy period of time c. the purchase of shares in firms doing business in a wider variety of industries and markets d. all of the above