It is illegal for business to price discriminate when selling goods to other businesses unless
a. Price discounts are cost-justified
b. Discounts are offered to meet competitors' price
c. Both a and b
d. It is not illegal for businesses to price discriminate
c
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When the prisoners' dilemma game is generalized to describe situations other than those that literally involve two prisoners, we see that cooperation between the players of the game
a. can be difficult to maintain, but only when cooperation would make at least one of the players of the game worse off. b. can be difficult to maintain, even when cooperation would make both players of the game better off. c. always works to the benefit of society as a whole. d. always works to the detriment of society as a whole.
A dozen eggs cost $2 in the U.S. and 12 pesos in Argentina. If the real exchange rate is 5/6, what is the nominal exchange rate? Show your work