For a retailer buying from a wholesaler, volume discounts do not violate the Robinson-Patman act because
a. To sell larger volumes, the retailer himself has to offer discounts
b. To sell larger volumes, the retailer has to incur costs in promoting the item
c. To sell larger volumes, the retailer has to hold the items in inventory longer
d. All of the above
d
Economics
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Which of the following interest rates is usually below other money market rates?
A) Discount rate B) Prime rate C) Federal funds rate D) Treasury note rate
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If the existence of health insurance increases one's incentive to use the health care system more intensively, this is an illustration of:
A. the adverse selection problem. B. the moral hazard problem. C. the benefits-received principle. D. the Coase theorem.
Economics