The fixed fee a firm is able to charge as part of a two-part pricing strategy is inversely related to the amount of consumer surplus the customer realizes at the profit-maximizing level of output

Who gains from a price support? Who loses? Explain how the size of the gain compares to the size of the loss

What will be an ideal response?

Both the Latin American countries and the sub-Saharan countries have poor economic growth records due to

A) climate. B) geography. C) colonization. D) arbitrary governance. E) indifference from the World Bank.