A price-discriminating monopoly charges the lowest price to the group that:
a. has the most elastic demand.
b. purchases the largest quantity.
c. engages in the most arbitrage.
d. is least responsive to price changes.
a
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A negative externality
a. is an adverse impact on a bystander. b. causes the product in a market to be under-produced. c. is an adverse impact on market participants. d. is present in markets where the good or service does not have any impact on bystanders.
A cost of aggregation is that:
A. details about individual households and firms are lost. B. broad economic trends are obscured. C. the "big picture" cannot be studied. D. economy-wide totals cannot be obtained.
Aggregate supply is the same thing as:
a. total national spending. b. total domestic production. c. aggregate demand. d. a supply shock.
If the marginal cost of adding a new line of products is $10 million, then Amazon should add the product
What will be an ideal response?