If a monopolist is able to perfectly price discriminate,
a. consumer surplus is always increased.
b. total surplus is always decreased.
c. consumer surplus and deadweight losses are transformed into monopoly profits.
d. the price effect dominates the output effect on monopoly revenue.
c
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Which of the following statements about affirmative action programs that provide is accurate?
Supply-side inflation is caused by
A) an increase in aggregate demand and no change in aggregate supply. B) a decrease in aggregate supply and no change in aggregate demand. C) a decrease in aggregate demand and no change in aggregate supply. D) an increase in aggregate supply and no change in aggregate demand.
To improve package delivery, one change UPS made involved taking better account of weather forecasts to avoid delays in flying packages. This is an example of
A) positive technological change. B) diseconomies of scale. C) increasing marginal returns. D) a reduction in fixed costs.
There are circumstances where a prize may induce research effort better than a patent
Indicate whether the statement is true or false