Suppose that Polaroid instant cameras had a guarantee that would be valid only if the camera was used with Polaroid film. This would then be an example of:
A. a tie-in sale.
B. monopoly pricing.
C. price discrimination.
D. predatory pricing.
Answer: A
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Indicate whether the statement is true or false
If there are external costs of production and firms do not have to account for these costs, then the firms will ________ and ________ compared with the efficient values.
A. overproduce; underprice B. underproduce; underprice C. underproduce; overprice D. overproduce; overprice
The Gini coefficients for land ownership inequality are often substantially higher than the Ginis for household incomes in low income countries
Indicate whether the statement is true or false
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