Tracking systems reduce classroom segregation
Indicate whether the statement is true or false
F
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Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.75 per unit, what is the profit-maximizing total quantity for Sweet Grams to produce?
Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.
A) 68,000
B) 65,000
C) 75,000
D) 58,500
Arbitrage
a. Is the act of to buying low in one market and selling high in another market b. Can force a seller to go back to uniform pricing c. Can offset the benefits of direct price discrimination d. All of the above
The U.S. goal for price stability:
A. Is an inflation rate of 3 to 6 percent. B. Is an inflation rate of zero or less. C. Changes each year based on economic performance. D. Is an inflation rate of fewer than 3 percent.
An oligopolist that cheats on a collusive agreement by reducing price will quickly be forced out of the industry by its competitors
a. True b. False