Author Question: Clarissa Kessler operates a store that sells toys. Her business suffered tremendously when a giant ... (Read 67 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?

The human body produces and destroys 15 million blood cells every second.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

For a complete list of videos, visit our video library