Gasoline stations regularly post their prices on large signs for consumers to see. This practice could also facilitate ______ in the industry.
a. price leadership
b. tie-in sales
c. mergers
d. easy entry
a. price leadership
Economics
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The government of Silverado raises revenue to operate the city's hospital, open to all residents, through a general income tax paid by its residents. This method of raising revenue is consistent with the benefits-received principle
Indicate whether the statement is true or false
Economics
The above figure shows supply and demand curves for milk. In an effort to help farmers, the government passes a law that establishes a $3 per gallon price support. As a result, consumer surplus falls by
A) a. B) b + f. C) f + g. D) b + f - c.
Economics