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Author Question: Market economies tend to grow more quickly than centrally-planned economies. Indicate whether the ... (Read 237 times)

vinney12

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on: Jun 29, 2018
Market economies tend to grow more quickly than centrally-planned economies.
 
  Indicate whether the statement is true or false

Question 2

A monopoly that price discriminates ______.
 
  A. benefits buyers because it offers the good at a variety of prices
  B. gains because it converts consumer surplus to economic profit
  C. uses resources more efficiently than would a competitive market
  D. enables buyers to maximize their consumer surplus


covalentbond

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

B Price discrimination converts consumer surplus to economic profit.


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