A monopoly will look for opportunities to price discriminate because the practice
A) leads to selling more units.
B) leads to greater profits.
C) allows it to charge higher prices.
D) is desired by customers.
Answer: B
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An industry with only two competing firms is called a ________
A) duopoly B) perfect competition C) monopoly D) monopolistic competition
The Basel Accord requires banks to hold as capital an amount that is at least ________ of their risk-weighted assets
A) 10% B) 8% C) 5% D) 3%
A new tax introduced by the government will: a. decrease disposable income
b. increase disposable income. c. lead to a reduction in government spending. d. lead to an increase in government spending. e. have no effect on disposable income.
Which of the following is true about private goods?
A. They are rival in consumption. B. They can have external benefits. C. They are consumed by a single person or household. D. All of these are true.