Price discrimination exists when a firm sells the same good at __________________ to different groups of customers.

Under a k-percent rule, if the economy goes into expansion, the Fed would

A) increase the quantity of money. B) raise the federal funds rate. C) lower tax rates to keep revenue constant. D) lower the federal funds rate. E) None of the above answers is correct.

One of the ways of coping with the principal-agent problem is

A) giving orders. B) providing incentive pay. C) shirking. D) using only short-term contracts.