Which of the following countries has not experienced hyperinflation in the twentieth century?

The owners will shut down a perfectly competitive firm if the price of its good falls below its minimum

A) average total cost. B) average marginal cost. C) average variable cost. D) wage rate.

What condition must exist for a monopolist to effectively price discriminate?

A) The monopolist must face consumers with identical willingness to pay. B) The monopolist must produce a good or service that can be resold. C) The monopolist must produce a good that cannot be resold. D) The monopolist must charge the highest price possible.