If the price elasticity of demand for U.S. automobiles is higher in Europe than it is in China, and transport costs are zero, a price-discriminating monopolist would charge
A) the same price for autos in China as in Europe.
B) a lower price for autos in China than in Europe.
C) a higher price for autos in China than in Europe.
D) a less profitable price for autos in China than in Europe.
Answer: C
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The figure above shows Kaley's marginal benefit from swimming with manatees and Scott's marginal cost of providing manatee swimming tours. For Kaley and Scott, allocative efficiency is achieved at what point?
A) A B) B C) C D) D E) Either point A or point D
Since 1973 the incidence of poverty has generally increased for
A. children. B. the elderly. C. married couples. D. All of the choices are true.
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A. a foreign trade surplus. B. more exports than imports. C. a surplus in the current account. D. more imports than exports.
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