Buying a cup of coffee with a dollar bill represents the use of money as a:

Why do firms engage in price discrimination?

A) to decrease cost B) to increase profits C) to increase consumer surplus D) to prohibit the resale of their products

The government sometimes grants a firm the exclusive right to market a good or process for a fixed period of time. This is called

a. laissez-faire b. a patent c. contestable markets d. economies of scale e. monopolistic competition