As the interest rate rises, the present value of a given perpetual stream of income

Which of the following is NOT true of the European Union

A. The EU promoted freer trade between member countries B. The EU allows members to benefit from economies of scale in selling to a larger market C. The EU provides a common currency for a subset of its members D. The EU was established in 1999

Which of the following conditions would prevent price discrimination?

a. an economic profit b. a monopoly market structure c. profit maximization d. the inability to identify those customers willing to pay more e. the ability to prevent low-price customers from reselling to high-price customers