While price discrimination is possible between two markets, it is not possible in more than two
Indicate whether the statement is true or false
False. The number of markets does not matter. All that is required is that markets differ in their respective price elasticity of demand.
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For a single country to influence the price of some good in the global market:
A. it must be considered a price taker. B. the quantity it produces and consumes must be small relative to the total amount of that good bought and sold worldwide. C. the quantity it produces and consumes must be large relative to the total amount of that good bought and sold worldwide. D. the country must be large relative to other nations in the world
Which of the following is true of International Banking Facilities (IBFs) in the U.S.?
a. IBFs were legalized by the Federal Reserve Board in 1970. b. IBFs are bookkeeping systems set up in existing bank offices of the U.S. to record international banking transactions c. IBFs are "shell" bank branches of U.S. banks in the Caribbean. d. Loans extended by the IBFs are subject to reserve requirements and interest rate regulations. e. IBFs are allowed to extend loans to the residents and businesses of the United States and not to the nonresidents.
Why do economists conduct growth accounting studies? What are the three lessons that commonly emerge from such studies? What is the full recipe for the growth of per capita GDP in an economy?
You observe a closed economy that has a government deficit and positive investment. Which of the following is correct?
a. Private and public saving are both positive. b. Private saving is positive; public saving is negative. c. Private saving is negative; public saving is positive. d. Both private saving and public saving are negative.