Arbitrage
a. Is the act of to buying low in one market and selling high in another market
b. Can force a seller to go back to uniform pricing
c. Can offset the benefits of direct price discrimination
d. All of the above
d
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New computer technology has
A) increased the cost of financial innovation. B) increased the demand for financial innovation. C) reduced the cost of financial innovation. D) reduced the demand for financial innovation.
The labor supply curve shows
a. how much output a firm will supply with a given amount of labor b. how much labor a firm will want to hire at each wage rate c. how much output people will want to buy if they supply a given amount of labor d. how much labor a firm will need with a given amount of machinery and equipment e. how many people will want jobs at each wage rate