Other things equal, a price discriminating monopolist will:
A. realize a smaller economic profit than a nondiscriminating monopolist.
B. produce a larger output than a nondiscriminating monopolist.
C. produce the same output as a nondiscriminating monopolist.
D. produce a smaller output than a nondiscriminating monopolist.
Answer: B
Economics
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The free-rider problem exists for goods that are ________
A) excludable B) rival C) free D) non-excludable
Economics
Assume that you pay $10,000 of tax on a taxable income of $50,000. If your taxable income were $150,000, your tax payment would be $25,000. This suggests the tax is:
A. progressive. B. proportional. C. regressive. D. discriminatory.
Economics