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Question
When we say that firms must be price makers in order to practice price discrimination, it means that this activity cannot occur with
a. competitive firms.
b. monopolists.
c. monopolistic competitors.
d. relatively elastic demand.
e. indistinguishable buyers.
Answer
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Related questions
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The economic entity most likely to engage in price gouging is
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What will an individual do differently as a buyer in the black market in the long run?
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What is the long-run consequence of a price ceiling law?
a. A surplus will continue to exist and will grow larger over time.
b. A surplus will continue to exist and will grow smaller over time.
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Q:
Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
a. Prices in the legal market in the community with a binding price ceiling will rise.
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Q:
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Q:
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