Which of the following is NOT a requirement for a firm to be able to price discriminate?
A) monopoly power
B) groups of customers with different willingness to pay for the good
C) economies of scale
D) ability to keep the members of different customer groups separate
E) ability to prevent resales of the product by customers
C
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A. What is the World Trade Organization?
b. When was it established? c. How many countries are members of the World Trade Organization? What will be an ideal response?
The value of all final goods and services produced domestically in the "underground economy" are not recorded as a part of GDP because production and sale of these goods are either illegal or hidden from tax authorities
Indicate whether the statement is true or false
Under a proportional tax, the fraction of income paid in taxes
A. rises as income rises. B. is unchanged as income changes. C. falls as income rises. D. is proportional to the change in income.
Refer to the scenario above. In equilibrium, Beth's payoff is ________
A) $10 B) $0 C) $20 D) $50