After the Civil War, many Southern farmers fell into a long-run spiral of debt caused by
a. the monopoly power of country stores.
b. the monopoly power of railroads.
c. excessive interest rates charged by banks.
d. carpetbaggers.
a. the monopoly power of country stores.
Economics
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A firm's efforts to increase profit by price discrimination can be undermined by
A) consumer ignorance. B) differences in elasticity of demand. C) arbitrage by buyers. D) seller market power.
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