Firms choose to price discriminate
a. To earn higher profits
b. To sell goods to consumers who otherwise would not have purchased
c. Both a and b
d. None of the above
c
Economics
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Which of the following properties should a commodity have to be considered as money?
a. It should be scarce and rare. b. It should be perishable. c. It should be indivisible. d. It should be unpredictable in value. e. It should be homogenous in nature.
Economics
Another name for the contractionary phase of a business cycle is recession
a. True b. False Indicate whether the statement is true or false
Economics