Author Question: Clarissa Kessler operates a store that sells toys. Her business suffered tremendously when a giant ... (Read 69 times)

abc

  • Hero Member
  • *****
  • Posts: 543
Clarissa Kessler operates a store that sells toys. Her business suffered tremendously when a giant discount store chain opened a store in the area and is able to sell its products for less than Clarissa's wholesale cost.
 
  Is this evidence of illegal price discrimination on the part of the discount store chain?
  A) No, even if the price discrimination is based on differences in cost, the law states that it is not illegal.
  B) No, because it can be argued that the discount store chain is justified in charging lower prices because it is a large-volume buyer and is able to purchase toys at a lower wholesale price than Clarissa.
  C) Yes, it is clearly a violation of the Robinson-Patman Act.
  D) Yes, the discount store chain is engaging in predatory pricing.

Question 2

Consumption spending is 5 million, planned investment spending is 8 million, unplanned investment
  spending is -2 million, government purchases are 10 million, and net export spending is 2 million. What is GDP?
 
  A) 15 million B) 23 million C) 25 million D) 27 million


kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

For a complete list of videos, visit our video library