Which of the following is true of a firm that can successfully practice price discrimination?
a. Its total revenue is often reduced.
b. It appropriates a part of the consumer surplus.
c. It has no way of distinguishing between types of customers.
d. It has no market power in the industry.
e. It must be a perfectly competitive firm.
b
Economics
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In the long run,
a. the Phillips curve is upward sloping. b. the Phillips curve is downward sloping. c. monetary policy can influence the unemployment rate. d. monetary policy cannot influence the unemployment rate. e. the Phillips curve is horizontal.
Economics
Evaluate the statement: “The government should have no place in a capitalistic market system.”
Please provide the best answer for the statement.
Economics