Historically, price discrimination was considered illegal in all instances. More recently, antitrust authorities have discovered that
A) price discrimination can increase the coverage of a market thereby increasing welfare.
B) price discrimination limits the coverage of a market thereby increasing welfare.
C) price discrimination limits the coverage of a market thereby decreasing welfare.
D) price discrimination can increase the coverage of a market thereby decreasing welfare.
A
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Current account transactions are all payments that are related to the purchase or sale of
A) goods only. B) services only. C) goods and services only. D) goods and services excluding government purchases.
If the price of a good falls, the marginal utility per dollar received from consuming a specific unit of that good
a. also falls b. stays the same c. rises d. will rise or fall, depending on the consumer e. remains unchanged, provided the consumer buys no more of the good