Question
1) Price discrimination may not be viable if consumers can resell the products they purchase to other consumers (and thereby eliminate arbitrage opportunities). a. True
1) Price discrimination may not be viable if consumers can resell the products they purchase to other consumers (and thereby eliminate arbitrage opportunities).
a. True
b. False
2) In equilibrium, a monopolist will earn zero economic profits, since firms can enter/exit markets freely.
a. True
b. False
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International Economics
Authors: Dominick Salvatore
12th edition
9781118955727, 1118955765, 1118955722, 978-1118955765
