Monopolists can practice price discrimination in all monopoly markets
a. True
b. False
Indicate whether the statement is true or false
False
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Income is a poor measure of relative position when attempting to determine horizontal equity.
A. True B. False C. Uncertain
Which of the following is not the result of wage stickiness in an economic downturn?
A. Actual wages are temporarily above the market-clearing level. B. Cyclical unemployment. C. A surplus of labor. D. A shortage of labor.
Internal economies of scale occur at the ________ levels.
A. firm and industry B. plant and firm C. plant, firm, and industry D. plant and industry
Esmerelda's Egg Emporium is a monopolistically competitive firm. Its marginal revenue curve ________ its demand curve, intersecting the quantity axis ________ the point at which the demand curve intersects it.
A. lies above; twice as far out as B. lies below; midway between the origin and C. is the same as; exactly at D. lies above; midway between the origin and