Suppose group price discrimination is possible but a firm chooses not to and sets the same price in each market. As a result
A) price elasticity of demand is the same in each market.
B) the price-inelastic market will buy zero units.
C) marginal revenue in the more price-elastic market exceeds marginal revenue in the less price-elastic market.
D) the deadweight loss is less than if the firm price discriminated.
C
Economics
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Historically, the leading official reserve asset was
A) gold. B) the U.S. dollar. C) the British pound. D) the German mark.
Economics
If a bond pays 11.5 percent interest a year and a bank deposit pays 3.5 percent, the opportunity cost of holding the deposit is:
a. 11.5 percent. b. 15 percent. c. 8 percent. d. 3.5 percent. e. 13.5 percent.
Economics