Where Y is GDP, C is consumption, I is investment, G is government purchases, T is net taxes, and there is no international trade, the government budget deficit equals:

Although the efficient quantity to produce of any good is located where marginal social benefit and marginal social cost are equal, there will usually be other quantities where the sum of consumer and producer surplus are greater

Indicate whether the statement is true or false

For a monopolist to practice effective price discrimination, one necessary condition is:

a. identical price elasticity among groups of buyers. b. differences in the price elasticity of demand among groups of buyers. c. that the product is homogeneous market. d. none of these.