A monopoly will maximize profits at the level of output at which

The conditions in which vertical relationships can enhance a firm's ability to price discriminate include

a. the manufacturer's product is of value to just one type of customer b. the costs of arbitraging the price difference across markets is large c. the manufacturer acquires the distributer in the higher priced market d. lack of competition provides the manufacturer with the ability to price above marginal cost

In the United States, the money for loans to businesses comes mainly from

a. corporate profits. b. the federal government. c. savings held in lending institutions. d. state and local governments.