All of the following are listed in the text as being keys to economic development EXCEPT

A) a system of property rights. B) an open economy.
C) an educated population. D) a higher level of protectionism.

D

Economics

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A third-degree price discriminating monopolist can sell its output either in the local market or on an internet auction site (or both)

After selling all of its output, the firm discovers that the marginal revenue earned in the local market was $20 while its marginal revenue on the internet auction site was $30. To maximize profits the firm should A) have sold more output in the local market and less at the internet auction site. B) do nothing until it acquires more information on costs. C) have sold less output in the local market and more on the internet auction site. D) sell less in both markets until marginal revenue is zero. E) sell more in both markets until marginal cost is zero.

Economics

The largest securities exchange in the United States is the

a. American Stock Exchange b. Chicago Board of Trade c. Securities and Exchange Commission d. New York Stock Exchange e. Federal Trade Commission

Economics