What is meant by a "discriminating monopolist"?
a. The firm discriminates on the basis of hiring workers.
b. The firm violates all antitrust laws.
c. The firm evades taxes.
d. The firm sells its product at different prices in different markets.
Ans: d. The firm sells its product at different prices in different markets.
Economics
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The wealthy nations of the world have
A. the largest populations. B. more supplies of natural resources. C. more supplies of capital. D. larger labor forces.
Economics
In Figure 4.2, the reason that point A is not through the origin but starts up on the vertical axis is that 
A. there are fixed outputs. B. there is no cost associated with producing no output. C. there is waste. D. there are fixed costs.
Economics