A monopoly will NOT be able to perfectly price discriminate if
A) obtaining information about each buyer's reservation price is too costly.
B) demand is very elastic.
C) demand is very inelastic.
D) resale is impossible.
A
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If the price of marshmallow exceeds the marginal value that the consumer places on marshmallows, then
a. the consumer is at the optimum. b. the consumer's level of satisfaction would increase if he buys more marshmallows and less of other goods. c. a surplus of marshmallows exists in the market. d. the optimum contains fewer marshmallows than the consumer is currently buying.
In the above figure, the average total cost curve is curve
A) A. B) B. C) C. D) D.
The potential positive feedback that government spending may have on investment is known as the _____. The potential negative effect that government spending may have on investment is known as the _____ effect
Fill in the blank(s) with correct word
ADRs that are created at the request of a foreign firm wanting its shares traded in the United States are ________.
A) facilitated B) unfacilitated C) sponsored D) unsponsored