The conditions for unaligned retailer and manufacturer incentives include
a. customers are familiar with the product before they shop for it
b. retailers have no opportunity to educate consumers
c. manufacturers have little scope for educating consumers
d. demand for the product is decreased with some consumer education
c
Economics
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In the table above, what does the private sector surplus equal?
A) $500 billion B) $350 billion C) $150 billion D) $0
Economics
For the single-price monopoly shown in the figure above, the deadweight loss is
A) zero. B) between $0 and $10. C) between $10.01 and $20. D) more than $20.01.
Economics