While price discrimination is possible between two markets it is not possible in more than two
Indicate whether the statement is true or false
False . The number of markets does not matter. All that is required is that markets differ in their respective price elasticity of demand.
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When compared with a perfectly competitive market with identical costs of production, a pure monopoly will produce ________.
A. more output and charge the same price B. less output and charge the same price C. less output and charge a higher price D. more output and charge a higher price
By Marks buys a one-year German government bond (called a bund) for $400. He receives principal and interest totaling $436 one year later. During the year the CPI rose from 150 to 162, but he had thought the CPI would be at 159 by the end of the year. By Marks had expected the real interest rate to be ________, but it actually turned out to be ________.
A. 8%; 1% B. 3%; 1% C. 6%; 3% D. 1%; 3%