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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Oliver decides to spend an hour playing basketball rather than studying. His opportunity cost of playing is: a. the amount of time he decides to dedicate to basketball
b. the increase in his skill as a basketball player from playing for that hour. c. the benefit to his grades from studying for an hour. d. the injury he might get by playing.
Refer to the diagram, in which solid arrows reflect real flows; broken arrows are monetary flows. Flow (7) might represent:
A. a transfer payment to disabled persons.
B. wage payments to public school teachers.
C. subsidies to corporations to stimulate exports.
D. the U.S. Bureau of Engraving and Printing's expenditures for paper.