Price discrimination
A) eliminates the producer surplus.
B) turns consumer surplus into producer surplus.
C) decreases output below the profit-maximizing level.
D) lowers a monopoly's economic profit.
B
Economics
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What is the purpose of the Federal Deposit Insurance Corporation (FDIC)?
(A) To make sure that banks charge a fair amount of interest on loans. (B) To make sure that banks do not fail. (C) To make sure that customers do not lose money if a bank fails. (D) To make sure that the government has enough gold to cover its expenses.
Economics
The real rate of interest
A) is equal to the nominal rate when Y equals YN. B) is equal to the nominal rate minus the rate of inflation. C) is equal to the nominal rate plus the rate of inflation. D) is never negative.
Economics