"Price fixing" is always illegal
Indicate whether the statement is true or false
F This claim is almost true, but there are cases where what appeared to be price fixing was deemed socially desirable and was allowed.
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_______________________: costs incurred by 3rd parties to a transaction.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is true?
A) As the rental prices of downtown apartments rise, only workers with the lowest opportunity cost of time will be willing to rent them. B) As the rental prices of downtown apartments rise, only workers with the highest opportunity cost of time will be willing to rent them. C) Optimizers with the lowest opportunity cost of time push up the rental price of apartments with the lowest commute time. D) Optimizers with the highest opportunity cost of time push up the rental price of apartments with the highest commute time.