A gas station in the mountains of Oregon has a monopoly over the retail gas market within a 50-mile radius. The station decides not to price discriminate. As a result, all consumers will pay
A) the highest price each consumer is willing to pay.
B) the lowest price possible.
C) a single price.
D) multiple prices.
E) a price that depends on their willingness to pay.
C
Economics
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If the expected rate of inflation is zero, the real interest rate must
a. also equal zero. b. be greater than the money (nominal) interest rate. c. be equal to the money (nominal) interest rate. d. be less than the money (nominal) interest rate.
Economics
Higher saving is associated with
a. a larger capital stock and higher productivity. b. a larger capital stock but not higher productivity. c. higher productivity but not a higher capital stock. d. neither a higher capital stock nor higher productivity.
Economics