Which of the following is the best example of second-degree price discrimination?
a. A car salesperson's attempts to discover and charge the highest price that the customer is willing to pay.
b. A sub shop that gives you a half-price sandwich on every sixth visit.
c. Manufacturers' use of discount coupons printed in Sunday newspapers.
d. Polaroid cameras and film.
b. A sub shop that gives you a half-price sandwich on every sixth visit.
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What is a monopsony?
What will be an ideal response?
Firms will borrow to finance capital expansion until the MRP of the investment equals the
a. MRP of labor. b. marginal cost of the finished good. c. marginal physical product of capital. d. interest payment charged for borrowing.
One way that public policy encourages cooperation among oligopolists is through antitrust law
a. True b. False Indicate whether the statement is true or false
If we consider one Gini coefficient for the entire population of the world, this coefficient has probably ________ in the last two decades.
A. increased B. fallen to zero C. remained unchanged D. decreased