If quantity demanded is greater than quantity supplied, the market price must be

During last year, a country produced 20,000 pizzas and 10,000 hamburgers and nothing else. The pizzas sold for $10.00 each and the hamburgers for $3.00 each. Nominal GDP was

A) $230,000. B) $70,000. C) $460,000. D) $390,000. E) $360,000.

According to the U.S. Robinson-Patman Act of 1936, price discrimination

A) is always illegal. B) is legal unless it harms competition. C) may be used to drive rivals out of business. D) can only be justified if the price discrimination is due to actual cost differences.