The problem of "double marginalization" is
a. The retail price being too low due to an exclusion of both manufacturer and retailer markup
b. The retail price being too high due to an inclusion of manufacturer markup
c. The retail price being too high due to an inclusion of both manufacturer and retailer markup
d. The retail price being too high due to an exclusion of retailer markup
c
Economics
You might also like to view...
During the off season, a fruit picker did not work, so he should be considered:
a. cyclically unemployed. b. frictionally unemployed. c. structurally unemployed. d. seasonally unemployed. e. naturally unemployed.
Economics
The argument that import restrictions save jobs and promote prosperity fails to recognize that
What will be an ideal response?
Economics