Author Question: Under J.C. Penney's everyday low pricing policy, the everyday low prices A) were always lower ... (Read 113 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
Under J.C. Penney's everyday low pricing policy, the everyday low prices
 
  A) were always lower than the sale prices under the previous policy.
  B) ended up being the highest prices ever charged by the company.
  C) ended up being higher than the sale prices under the previous pricing policy.
  D) were not actually charged every day, but only once a month during half-off sales.

Question 2

Why does a monopoly cause a deadweight loss?
 
  A) because it does not produce some output for which demand exceeds supply
  B) because it increases producer surplus at the expense of consumer surplus
  C) because it appropriates a portion of consumer surplus for itself
  D) because it does not produce some output for which marginal benefit exceeds marginal cost


ong527

  • Sr. Member
  • ****
  • Posts: 285
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

For a complete list of videos, visit our video library