Gains from trade will be possible as long as
A) people have different endowments.
B) people place different values on some goods.
C) marginal rates of substitution are equal across individuals.
D) excess supply equals excess demand.
B
Economics
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Both M1 and M2 are monetary values much larger than nominal GDP
a. True b. False Indicate whether the statement is true or false
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A firm charges a price below its average total cost so that it drives out its competition. This is an example of:
A. a tie-in sale. B. duopoly pricing. C. price discrimination. D. predatory pricing.
Economics