What is price discrimination?
What will be an ideal response?
Price discrimination is selling the same product to different consumers or groups of consumers at different prices where there are no cost differentials.
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Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
Refer to the information provided in Figure 6.13 below to answer the question(s) that follow.
Figure 6.13Refer to Figure 6.13. Assume Ellen has two products available, pizza and hamburgers. Ellen must be compensated with more pizzas as she gives up more hamburgers. The curve in Panel ________ represents her indifference curve.
A. A B. B C. C D. D
Refer to the information provided in Table 25.7 below to answer the question(s) that follow.Table 25.7
Refer to Table 25.7. Great Gazoo Bank's excess reserves are
A. $100,000. B. $200,000. C. $300,000. D. $700,000.
Refer to the table. A merger between Firm 2 and Firm 3 in Alpha would be a:
Answer the question on the basis of the following table showing market shares of firms in hypothetical industries. Assume these are distinct industries with no buyer-seller relationships or competition among them.
A. vertical merger.
B. horizontal merger.
C. diagonal merger.
D. conglomerate merger.