What condition must exist for a monopolist to effectively price discriminate?
A) The monopolist must face consumers with identical willingness to pay.
B) The monopolist must produce a good or service that can be resold.
C) The monopolist must produce a good that cannot be resold.
D) The monopolist must charge the highest price possible.
Question 2
A sales tax on sellers of a good shifts the supply curve leftward because the tax is like a cost of production.
Indicate whether the statement is true or false
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"The Department of Agriculture came out today with its prediction for food price