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Question 10CorrectMark 1.00 out of 1.00Not flaggedFlag question Question text To practice effective price discrimination, a firm must: Select one: a. have some degree of monopoly power. Correct b. avoid detection by government regulatory agencies. c. enable the resale of goods between groups of buyers. d. calculate the utility level of each buyer in the market. Feedback The correct answer is: have some degree of monopoly power.
Question 11CorrectMark 1.00 out of 1.00Not flaggedFlag question Question text In the economy of a city called “Heaven” the aggregate demand is illustrated with the AD0 curve. Suppose that after a relative directive comes directly by the Fed, the Board of Directors has taken the decision to reduce the money supply. How such a policy will be illustrated in the above figure and regarding its aggregate demand.
Select one:
Question 12IncorrectMark 0.00 out of 1.00Not flaggedFlag question Question text Because tourist demand for airline flights is relatively _______ , small _______ in price will result in relatively _______ in additional tourists. Select one:
Question 13CorrectMark 1.00 out of 1.00Not flaggedFlag question Question text Charges that are paid for factors of production are called: Select one:
Question 14CorrectMark 1.00 out of 1.00Not flaggedFlag question Question text A monopoly responds to an increase in demand by _______ price and _______ output. Select one: a. increasing; decreasing b. increasing; increasing Correct c. decreasing; increasing d. decreasing, decreasing Feedback The correct answer is: increasing; increasing
Question 15IncorrectMark 0.00 out of 1.00Not flaggedFlag question Question text ExhibitFigure7-2 In this exhibit (Figure 7-2), the potential output in this economy is: Select one:

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