The practice of price discrimination is associated with pure monopoly because:
A. it can be practiced whenever a firm's demand curve is downsloping.
B. monopolists have considerable ability to control output and price.
C. monopolists usually realize economies of scale.
D. most monopolists sell differentiated products.
Answer: B
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Germany and Japan pay a higher price for raising capital because of
A) having rather illiquid securities markets. B) unresolved stockholder-lender and manager-stockholder conflicts. C) allowing banks to hold substantial ownership shares in large firms. D) shutting large firms out of those securities markets.
If investment in Macroland increases, it is possible for the people of Macroland to increase savings and not experience a reduction in their country's national income
Indicate whether the statement is true or false