Which of the following is true of successful price discriminators?
a. They make greater profits than by charging everyone a uniform price.
b. Their customers must have different willingness to pay.
c. Their customers must have difficulty reselling the good to other customers.
d. All of the above are true of successful price discriminators.
Question 2
Economists typically date the beginning of the gold standard to the period:
a. before 1500.
b. before 1776.
c. between 1880 and 1914.
d. between the two world wars.
e. between 1970 and 2000.
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