To price discriminate, firms must face markets with different elasticities
Indicate whether the statement is true or false
True
You might also like to view...
A Social Security system in which payroll taxes that workers and their employers pay in go directly to retirees and other beneficiaries is known as
A) a pay-as-you-go system. B) an individual-account system. C) a primary-deficit system. D) a social-lockbox system.
An individual's demand curve for a good is ____ her marginal utility curve for the good
a. based on b. the mirror image around the vertical axis of c. twice as steep as d. half as steep as
Over the past six decades, the U.S. economy has experienced a dramatic increase in the relative importance of international trade and finance
a. True b. False Indicate whether the statement is true or false
Suppose labor and capital are the only two resources used for production. In the long run:
a. both capital and labor can move freely between sectors. b. only labor can move between sectors. c. only capital can move between sectors. d. both capital and labor are blocked from moving between sectors.