Whether prices or real GDP exhibit the greater response to increased aggregate demand depends on the degree of capacity utilization in the economy

Because the actual market-capitalist system is a combination of market processes and political processes,

A) it can only be managed appropriately by well-trained political economists. B) it is often unclear where to place the blame when things go wrong. C) political considerations will always ruin the market process. D) economic considerations will always ruin the political process.

Sellers may choose not to sell in certain markets because: a. it is possible to practice price discrimination against customers

b. buyers are unable to perceive the high quality of their goods and are, therefore, less willing to pay for them. c. they are able to impose negative externalities on third parties. d. an above-average profit potential is projected.