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1. It has been said that many of the patrons in McDonald's restaurants in foreign locations are American tourists. A likely reason why many Americans

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1. It has been said that many of the patrons in McDonald's restaurants in foreign locations are American tourists. A likely reason why many Americans dine at McDonald's while vacationing abroad is a. that Americans, by their nature, are not very adventurous. b. they know and trust the quality associated with the McDonald's brand name c. they can't get enough McDonald's food when they are at home. d. the food at local restaurants is of inferior quality. Figure 15-11 MC A LB MR 1234 S67 9 10 11 12uxtitp 2. Refer to Figure 15-11. Which area represents the deadweight loss from monopoly? a. J b. A+B+C+D+F++J+H c. J+H d. H 3. Which of the following is not an example of price discrimination? a. A university rebates part of the cost of tuition in the form of financial aid for needy students. b. An ice cream parlor charges a higher price for ice cream than for sherbet. c. A movie theater charges a lower price for a child's ticket than for an adult's ticket. d. A local pizza parlor distributes discount coupons in a student dormitory

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