In order to practice any form of price discrimination, a monopoly must be able to
a. identify the maximum price that each customer is willing to pay.
b. separate its customers into distinct groups.
c. prevent resale of its product.
d. establish a legal barrier to entry.
c. prevent resale of its product.
Economics
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The price level is held constant when moving along the planned expenditures curve
Indicate whether the statement is true or false
Economics
A weakness that could be noted about the unemployment rate is that it
A) does not account for the underutilization of workers. B) considers marginally attached workers as unemployed. C) overestimates the number of part-time workers. D) does not count part-time workers. E) counts discouraged workers as employed.
Economics