Which of the following conditions must be TRUE so that a firm can price discriminate?
A) There are no other firms in the market.
B) The good is a nondurable.
C) The good cannot be easily resold.
D) All of the above.
C
Economics
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A $100 bill is a
A) commodity money. B) fiat money. C) representative commodity money. D) partially representative commodity money.
Economics
The Stackelberg model of oligopoly assumes that each of the two producers will choose prices instead of quantities and neither will change price in response to the other's decision
Indicate whether the statement is true or false
Economics