A barter economy is an economy where
A) goods and services are exchanged for money.
B) goods and services are exchanged for liabilities.
C) money is exchanged for goods and services.
D) goods and services are exchanged for other goods and services.
D
Economics
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With an optimal two-part tariff
A) all consumer surplus is transformed into profit. B) consumer surplus equals producer surplus. C) the firm earns zero profit. D) consumers maximize consumer surplus.
Economics
Market power guarantees profit
A) True, which is why firm's locate as far away from each other as possible. B) False, market power guarantees price greater than marginal cost. C) True, market power guarantees price greater than average cost. D) False, market power guarantees price equal to average cost.
Economics