Which of the following is not an example of price discrimination?
a. Senior citizen discount at the movies
b. Grocery coupons
c. Shipping a package further costs more
d. Charging a higher price for ice-cream during the summer and a lower price in the winter
d
Economics
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The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel
If the market is competitive and unregulated, the equilibrium quantity of steel is ________ tons and the efficient quantity of steel is ________ tons. A) 2; 2 B) 2; 4 C) 4; 2 D) None of the above answers is correct.
Economics
A reliable system of property rights and enforceable contracts are prerequisites for creating incentives that support a healthy market economy
a. True b. False
Economics