If firms that practice second degree price discrimination use more block prices,
A) both consumer surplus and welfare will decrease.
B) both consumer surplus and welfare will increase.
C) consumer surplus will decrease but welfare will increase.
D) consumer surplus will increase but welfare will decrease.
C
Economics
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Can an unregulated monopoly make an economic profit in the long run? Explain your answer
What will be an ideal response?
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If the government raised taxes and reduced government spending in order to reduce the budget deficit, monetary policy could accommodate this policy by
a. increasing money demand. b. increasing money supply. c. decreasing money supply. d. increase unemployment insurance.
Economics