To practice effective price discrimination, a firm must:
a. have some degree of monopoly power.
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.
The correct answer is: have some degree of monopoly
Mark 0.00 out of 1.00
The natural rate of unemployment:
I. includes frictional and structural unemployment.
II. is equal to zero when an economy is producing at a
point on its production possibilities frontier.
III. is the unemployment rate that exists when the quantity
of labor demanded is equal to the quantity of labor
a. I, II, and III
b. I and II only
c. I and III only
d. II and III only
The correct answer is: I and III only
Mark 1.00 out of 1.00
What do economists mean by the term "sticky wage?"
a. It refers to the reluctance by employers to increase nominal