Price discrimination can benefit some consumers when
a. the additional profit realized by the monopolist equals the cost incurred
b. the government comes in to regulate the market
c. competitors are also able to price discriminate
d. those consumers pay a price lower than the price they would have to pay a single-price monopolist
e. those consumers pay a price higher than the price they would have to pay a single-price monopolist
D
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The slope of the labor demand curve can be attributed to the Law of:
A) Increasing Opportunity Cost. B) Diminishing Marginal Productivity of Labor. C) Increasing Marginal Productivity of Labor. D) Decreasing Opportunity Cost.
In the United States, private health insurance companies
A) are all for-profit firms. B) can be either for-profit or not-for-profit firms. C) are all not-for-profit firms. D) are all government-run firms.