Under conditions of first-degree price discrimination
A) production will equal that which would exist under perfect competition.
B) production will exceed that which would prevail under perfect competition.
C) prices will be lower than under perfect competition.
D) production will always be lower than under perfect competition.
A
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Why do some people tip generously at restaurants to which they never plan to return?
What will be an ideal response?
Every worker is better off making more money and having better benefits. If you concluded from that fact that all workers would be better off if a law were passed requiring a 25% increase in wages and benefits, then you would be
A. wrong because workers operate on jealousy. B. wrong because causation and correlation are not the same. C. wrong and have fallen victim to the fallacy of composition. D. right.