Increased production, but not increased inflation, will result in higher:

A coffee shop sells a small cup of coffee at $3, while a large cup, which is twice as big, at $5. This is an example of

A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) actual cost differences.

With asymmetric information among consumers and positive search costs, a firm may

A) raise its price above the monopoly price. B) price at the monopoly level. C) price at the competitive level. D) None of the above.