The practice of charging different prices to different consumers of the same product is called
a. monopolistic pricing
b. unit pricing
c. price discrimination
d. elasticity pricing
e. marginal cost pricing
C
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An individual anticipating rising interest rates is likely to hold more
A) money. B) real assets. C) stock. D) bonds.
A horizontal merger can lead to all of the following except which one?
A) a monopoly B) a decrease in the total surplus C) a perfectly competitive market D) a deadweight loss
Exchanging dollars for euros to pay a computer manufacturer in Belgium would occur
A. in the foreign exchange market. B. at the Federal Reserve. C. in the letter of credit market. D. at the European Central Bank.
Increases in real GDP would understate the well-being of a country over time if, over that time period, the
A) crime rate increased. B) percentage of people addicted to illegal drugs increased. C) amount of pollution decreased. D) average hours worked per week increased.