Which of the following is not a necessary condition for effective price discrimination?
a. The firm must face a downward-sloping demand curve.
b. There must be at least two distinguishable groups of consumers.
c. The producer must be a pure monopolist.
d. The seller must be able to prohibit buyers from easily reselling the product to other potential buyers.
C
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One concern of feminist empiricists is the way population control can restrict the reproductive rights and health of women. The world's most glaring example of this is the
a. opposition to same-sex marriage. b. widespread lack of contraceptives. c. "one child" policy. d. illegalization of late-term abortion.
A continuing, long-term, large decline in the demand for coffee will not cause the price of coffee to fall much over the years if
A) coffee is not scarce. B) the demand for coffee is highly elastic. C) the demand for coffee is highly inelastic. D) the supply of coffee is highly elastic. E) the supply of coffee is highly inelastic.