The labor-force participation rate equals the percentage of the total adult population that is in the labor force

In a payoff matrix for a three-player game, there are three payoffs in each cell. The third payoff goes to the column player

Indicate whether the statement is true or false

In order for a hotel to successfully price discriminate so that senior citizens are given a discount, the hotel must be able to

A) offset the economic loss from charging senior citizens a lower price by lowering the marginal cost of renting rooms to senior citizens. B) lower its prices to younger customers too. C) prevent senior citizens from reselling their rooms to younger customers. D) shift its demand curve rightward. E) determine if a senior citizen can pay a higher price.