Mouthwash is sold in 24 oz bottles for $2.40 and in 12 oz. bottles for $1.20. This represents
A) price differentiation.
B) price discrimination.
C) marginal cost pricing.
D) None of the above.
D
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In a nutshell what has been the reality of central planning?
What will be an ideal response?
The Navigation Acts:
a. placed tariffs on the import of British goods by the colonies. b. prohibited trade between the British West Indies and the colonies. c. allowed colonial trade on British ships commanded by foreign captains. d. encouraged trade between the colonies and the Dutch. e. None of the above is correct.
Measures which aim at eliminating the income disparity between the rich and the poor affect incentives to work, innovate, take risks, acquire education, and so on
a. True b. False Indicate whether the statement is true or false
Collusion among oligopolists would generally be easiest to achieve in which of the following situations? a. very few producers, producing differentiated products
b. very few producers, producing homogeneous products. c. a larger number of producers, producing differentiated products. d. a larger number of producers, producing homogeneous products.