To gain from price discrimination, price searchers
a. must charge a higher price to those with a more inelastic demand.
b. must be pure monopolists.
c. must have small economies of scale
d. must have access to widely available natural resources.
A
Economics
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The exchange rate is the price of one currency in terms of another
a. True b. False Indicate whether the statement is true or false
Economics
Depreciation or consumption of fixed capital measures:
A. the decline in the value of inventories caused by inflation. B. the loss of productive ability due to capital intensive production. C. capital that is wasted in the production process. D. the value of existing capital stock used up in the production process.
Economics