When the firm is able to perfectly price discriminate, each unit is sold at its:
a. peak load price

If a firm shuts down in the short run it will

A) break even. B) suffer a loss equal to its fixed costs. C) declare bankruptcy. D) suffer a loss equal to its variable costs.

Unanticipated inflation will insure that

A) homeowners with outstanding mortgage balances are hurt. B) homeowners with outstanding mortgage balances are benefited. C) creditors gain, debtors lose. D) none of the above