To practice long-run price discrimination, a monopolist must:
A. charge one price to all buyers.
B. permit the resale of the product by the original buyers.
C. be a natural monopoly.
D. be able to separate buyers into different markets with different price elasticities.
Answer: D
Economics
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A) labor supply curve shifts rightward and the labor demand curve does not shift. B) labor demand curve shifts leftward more than the labor supply curve shifts rightward. C) labor demand curve shifts leftward and the labor supply curve does not shift. D) None of the above answers are correct.
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The ________ describes points for which the goods market is in equilibrium
A) LM curve B) IS curve C) consumption function D) investment schedule
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