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(f) (4 Points) True, False, or Uncertain: firm price discrimination increases firm profits and decreases consumer surplus. (g) (4 Points) True, False, or Uncertain: a

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(f) (4 Points) True, False, or Uncertain: firm price discrimination increases firm profits and decreases consumer surplus. (g) (4 Points) True, False, or Uncertain: a risk-neutral firm cares only about mari- mizing expected profit and so is not affected by uncertainty. (h) (4 Points) True, False, or Uncertain: risk-averse individuals would prefer a new fixed-return investment to a new investment with the same expected value and more variance in its return. 6. (16 Points) Discussion Questions: Provide brief answers to the following questions. (a) (4 Points) A general principle in economics is that prices are determined by the intersection of supply and demand. Then why did we talk about situations arising whereby the supply curve pins down the price, and the demand curve pins down the quantity? Explain briefly

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