Historically, price discrimination was aggressive behavior exhibited by whom? The
(a) monopolist
(b) mom and pop business person
(c) manager of a large group of industrial workers
(d) corporation
(a)
Economics
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The per-worker production function flattens out due to ________
A) the negative relationship between price and quantity demanded B) the positive relationship between price and quantity demanded C) the diminishing marginal product of capital D) an increase in the general level of prices
Economics
We would expect that a rise in labor supply will have a proportionately larger effect on the market wage rate when
A) the demand for labor is unitary elastic. B) the demand for labor is inelastic. C) the supply for labor is elastic. D) the demand for labor is elastic.
Economics