Author Question: Several national fast-food chains offer kids' meals with free giveaway toys, something many ... (Read 101 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
Several national fast-food chains offer kids' meals with free giveaway toys, something many independent, local establishments cannot afford to do. The national chains are
 
  A) engaging in predatory pricing.
  B) selling meals below cost.
  C) distributing toys below cost.
  D) engaging in anti-competitive behavior because the independents cannot afford to give away toys.
  E) almost certainly doing none of the above.

Question 2

Which of the following correctly identifies a problem with price regulation?
 
  A) It minimizes social surplus.
  B) It minimizes consumer surplus.
  C) Sellers do not have an incentive to cut costs.
  D) Government intervention increases deadweight loss.



Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

E

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

For a complete list of videos, visit our video library