To be effective, pure bundling requires firms to be able to separate consumers into separate markets
Indicate whether the statement is true or false
False
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Which of the following is NOT true of firms in monopolistic competition?
A) They are price takers. B) They practice product differentiation. C) They have excess capacity in the long run. D) They earn a normal profit in the long run.
In the above figure, the rise in the price of a gallon of gasoline that created the movement from point C to point A would be shown as a movement ________ along the demand curve for ________
A) upward; coffee B) downward; coffee C) upward; gasoline D) downward; gasoline
If consuming more of a good doesn't affect a consumer's well-being, then:
A. the marginal utility of the good is positive. B. the marginal utility the good is negative. C. the marginal utility the good is constant. D. the marginal utility the good is zero.
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.