In theory, perfect price discrimination
a. decreases the monopolist's profits.
b. decreases consumer surplus.
c. increases deadweight loss.
d. reduces the number of consumers who purchase the monopoly's product.
b
Economics
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Economists who favor policy activism argue that the United States economy is NOT always in equilibrium because
A) wage and price rigidities exist. B) the markets are over regulated. C) the Federal Reserve's monetary policy is too restrictive. D) the national debt is too large.
Economics
If money income increases, a consumer's budget line
A) becomes flatter. B) becomes steeper. C) shifts rightward and its slope does not change. D) shifts leftward and its slope does not change.
Economics