Price discrimination exists when a firm sells the same good at __________________ to different groups of customers.
a. more than two prices
b. more than three prices
c. the same price
d. more than one price
d. more than one price
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The data in the above table show that the economy will be in a short-run macroeconomic equilibrium at a price level of
A) 90. B) 110. C) 100. D) 120.
Cartel agreements are more likely to break down when
A) there are few variations in market demand. B) new firms enter the market. C) participating firms earn huge profits. D) none of the above.
In a competitive market, a. demand will always reflect all spillover costs
b. demand will always reflect all spillover benefits. c. supply will always reflect all spillover costs. d. none of the above are true.
The Fed's purchase of U.S. government securities constitutes
a. a restrictive policy because it lowers the amount of total reserves in the banking system. b. a restrictive policy because it lowers the amount of excess reserves in the banking system. c. an expansionary policy because it raises the amount of total reserves in the banking system. d. an expansionary policy because it lowers the amount of required reserves in the banking system.