Indirect price discrimination differs from direct price discrimination because
a. In indirect price discrimination high value consumers can sometimes still get the low price
b. In direct price discrimination firms do not have to worry about cannibalizing
c. Direct price discrimination encourages rivals to enter but indirect discrimination does not
d. There is no difference between the two
a
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Refer to Figure 15-3. In the figure above, when the money supply shifts from MS1 to MS2, at the interest rate of 3 percent households and firms will
A) sell Treasury bills. B) want to hold more money. C) neither buy nor sell Treasury bills. D) buy Treasury bills.
In order to increase the supply of a good, producers must
A) convince consumers to reduce the quantity demanded. B) see an increase in quantity supplied by competitors. C) reduce their per-unit costs of producing the good. D) cut back on labor to reduce production costs.