When taxpayers pay more in taxes because of inflation even when the nominal tax structure remains the same, this is called _____.
a. indexation
b. bracket creep
c. tax expenditure
d. nominal rigidity
Question 2
Selling the same product under different brand names allows a firm to price discriminate as long as
A) customers know the products are identical.
B) customers do not know the products are identical.
C) the products really are not the same.
D) the firm lets customers know that the products are identical.