In which of the following cases did the U.S. Supreme Court decide that a corporation was an "individual" but not a constitutional citizen?

Adam Smith used the term commercial society to refer to a society in which

A) business interests control the political system. B) everyone identifies value with price. C) everyone lives by exchanging. D) increased income is everyone's principal life goal. E) people behave without regard for the interests of others.

If firms differentiate their products in different ways and charge different price because of these differentiation factors, then

A) demand must be perfectly elastic. B) the law of one price is not violated. C) transactions costs are being ignored. D) the firm must not be maximizing profit.