A firm cannot price discriminate if it
a. has perfect information about consumer demand.
b. operates in a competitive market.
c. faces a downward-sloping demand curve.
d. is regulated by the government.
b
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Intermediate goods and services are one of the largest components of the expenditure approach to measuring GDP
Indicate whether the statement is true or false
Private saving + Government saving equals ________
A) Taxes + Investment B) Output minus Consumption C) Government capital + human capital D) Investment + Net exports
Which of the following is NOT an expression for the cost minimizing combination of inputs?
A) MRTS = MPL /MPK B) MPL/w = MPK/r C) MRTS = w/r D) MPL/MPK = w/r E) none of the above
A point beyond the boundary of an economy's production possibilities curve is: a. efficient
b. inefficient. c. attainable. d. unattainable.