A price-discriminating monopoly is a monopoly that
A) sells its output at a single price to all of its customers.
B) sells different units of a good or service at different prices.
C) has control over the resources used to produce the product.
D) has a license to sell the product.
E) illegally charges different customers different prices for the good it produces.
B
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The level of transactions costs is relevant to the resolution of property rights problems
a. True b. False
If the firm is maximizing profits, this firm charges a price of
A. $12.
B. $13.
C. $16.
D. $25.
The interest rate in the federal funds market:
A. is determined by the imposition of price controls imposed by the Fed. B. rises when the quantity of funds demanded by banks seeking additional reserves exceeds the quantity supplied by banks with excess reserves. C. will fall if the Fed sells bonds and, thereby, reduces the reserves available to banks. D. is an interest rate that is largely unaffected by the policies of the Fed.
When investors buy more capital goods because the interest rates have fallen, the aggregate demand curve
A. does not shift. B. shifts left. C. stays the same. D. shifts right.