Which of the following could not be considered price discrimination?
A. Airlines offering super-saver fares to everyone.
B. Movies offering cheap matinees.
C. Senior citizen's discounts.
D. The issuing of discount tickets to week-end travelers.
Answer: A
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In the long run, monopolistic competition
a. results in a monopoly b. ends up with one firm, that is, competition transforms to monopoly c. ends up with many firms in the industry d. has zero barriers to entry e. has no product differentiation
Other things the same, if foreign residents desired to purchase more U.S. wheat
a. the exchange rate and net exports would rise. b. the exchange rate would rise and net exports would be unchanged. c. the exchange rate would fall and net exports would be unchanged. d. the exchange rate would fall and net exports would rise.