Which of the following is NOT a condition for third degree price discrimination?
A) Monopoly power
B) Different own price elasticities of demand
C) Economies of scale
D) Separate markets
C
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Discuss the correct and incorrect economic analysis in the following statements
"If a disease kills a large number of turkeys, the supply of turkeys will decrease. This will result in a price increase, which will then cause the supply of turkeys to increase."
Which of the following groups is an investment bank NOT likely to visit during a "road show"?
A) institutional investors B) individual investors C) university endowments D) mutual funds
The amount of time it takes for fiscal policy to have an impact on the economy creates:
A. an information lag. B. a formulation lag. C. an implementation lag. D. a direction lag.
____________is the cost that a business incurs even when the plant is idle and output is zero.
Fill in the blank(s) with the appropriate word(s).