What could be a potential explanation for a firm selling virtually identical products under different brands?
A) Consumers are well informed about the quality of the products.
B) Consumers believe that the products' quality is similar and thus firms are able to price discriminate.
C) Consumers always favor private-label brands.
D) Consumers believe that the products' quality differs and thus firms are able to price discriminate.
D
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If a firm's total variable cost exceeds its total revenue, the firm should stop production by shutting down temporarily
Indicate whether the statement is true or false
Which of the following would reduce the labor force participation rate, all else equal?
A) an increase in the number of people in the labor force B) an increase in the unemployment rate C) a decrease in the unemployment rate D) an increase in the working-age population