A two-part price is less efficient than a Ramsey
Indicate whether the statement is true or false
F The two-part price can be more efficient. Think of it this way: Each part of a two-part price may be set as a Ramsey price and two Ramsey prices should be better than one. With two prices there is opportunity for more subtle adjustment.
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Explain how discretionary monetary policy may have brought about the end of the Great Moderation and ushered in the Great Recession
What will be an ideal response?
The work of Roger Ransom has shown that the burden of the Navigation Acts on colonial trade to continental Europe
a. was disproportionately large on the Southern colonies. b. amounted to 5 percent of colonial income. c. amounted to less than one percent of colonial income. d. Both a and b are correct. e. Both a and c are correct.