When a firm practices perfect price discrimination,

a. Consumer surplus is maximized
b. Producer surplus is minimized
c. Producer surplus is maximized
d. None of the above

c

Economics

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The growing importance of international markets and the globalization of economic activity have reduced the importance of antitrust enforcement that focuses primarily on domestic producers

Indicate whether the statement is true or false

Economics

In which decade did the U.S. federal government first establish a system of agricultural price supports?

A) 1990s B) 1970s C) 1950s D) 1930s

Economics