Which of the following occurs with both perfectly price discriminating and single-price monopolies?
A) The amount of output is inefficient.
B) All consumer surplus goes to the monopoly.
C) Deadweight loss is created.
D) There is a redistribution of consumer surplus to the monopoly.
D
Economics
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Refer to Table 2-16. What is Finland's opportunity cost of producing one cell phone?
A) 0.25 board feet of lumber B) 4 board feet of lumber C) 12 board feet of lumber D) 16 board feet of lumber
Economics
During a recession the Keynesian consumption theory predicts that the savings rate will ________ and the ________ theory that savings rate will ________
A) fall; PIH; fall B) fall; LCH; fall C) rise; PIH and LCH; fall D) rise; PIH and LCH; rise
Economics