A system of economic organization in which the ownership and control of productive capital assets rests with the state and in which resources are allocated through central planning and political decision making is called

What is the equilibrium condition for price discriminating monopoly firm? Give some examples for price discrimination

Because of increasing opportunity costs, the production possibility curve:

A. Is bowed out from (or concave to) the origin B. Can be either downward- or upward-sloping C. At first rises, then falls eventually D. Is a straight downward-sloping line