With price discrimination, a monopoly
A) converts consumer surplus into economic profit.
B) converts producer surplus into economic profit.
C) can charge a single price to all customers.
D) produces less output than if it does not price discriminate.
E) converts consumer surplus into deadweight loss.
A
Economics
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When a good is made illegal, which of the following definitely results in the price rising?
A) a much higher fine on sellers than on buyers B) a much higher fine on buyers than on sellers C) any fine imposed on both buyers or sellers D) any fine imposed on buyers
Economics
If MPC = 0.9, equilibrium real GDP is $1,000 . and full-employment real GDP is $2,000 . then how much should government spending change to bring about full employment?
a. +1,000. b. ?100. c. +900. d. +100. e. ?0.9.
Economics