Because it is more extensive, first-degree price discrimination is more profitable for the firm than is third-degree price discrimination

Which of the following is an example of a negative externality?

a. A Japanese company begins to produce cars, which causes American workers to lose their jobs. b. An employee of a chemical company spills acid on his arm, causing severe damage. c. John plants fruit trees in his front yard, which attracts bees, which sting neighbor Mary. d. Sally buys coffee at McDonald's, spills some on her, and burns her arm. e. Jack attempts to fix his roof, falls off, and breaks his leg.

A binding minimum wage raises the incomes of some workers, but it lowers the incomes of workers who cannot find jobs

a. True b. False Indicate whether the statement is true or false