Question 51 1 pts 51. An industry supply curve that slopes upward is A a rare and temporary phenomenon typical of modern industry OA OB Question 52 1 pts 52. In Capitalism, Socialism, and Democracy (1942). Joseph Schumpeter (1883- 1950) characterized the competitive market order as A creative destruction destructive creation OB OA Question 53 1 pts 53. Here are two statements price searcher. A price searcher would always mizing revenue. A price searcher would alway nize profit (or minimize loss) at a level of output where the absolute valu the price elasticity of demand is equal to one. Choose the correct option from the list below. Both statements are false. Only I is true. Only II is true. D Both statements are true. OD OB OC OA Question 54 1 pts 54. The output of a mono competitive level if the m homies of scale without economies of scale C either A or B were true D The output of a monopoly can never exceed the competitive level because a monopoly can never sell more than the competitive industry. OC OA OB OD Question 55 1 pts 55. Here are two stateme 's and price searchers. A competitive firm (price ta ccessfully price discriminate. A monopolist (price searcher) can always successfully price discriminate. Choose the correct option from the list below. Both statements are false. Only I is true C Only II is true. Both statements are true. OA OB OD oc Question 56 1 pts 56. Which statement below is TRUE? (Choose one.) Price discrimination would occur where a seller charges the same price in different markets where his costs of supply differ between the markets. Price discrimination would occur where a seller charges different prices in different markets that are entirely explained by the difference in his costs of supply. C Successful price discrimination ut beyond that of a single-price monopoly. D Successful price discrimination can never reduce the deadweight loss associated with single-price monopoly. OD OC OA Question 57 1 pts 57. A TV cable provider requires buyers to purchase a great many channels even if they will not watch most of them. This is called bundling tying OA OB Question 58 1 pts 58. Which ALWAYS links two complementary goods? bundling tying OB OA Question 59 1 pts 59. Predatory pricing is alleged to ve occurred when ut competitors Walmart slashes the price ave not bought at the full price OA OB Question 60 1 pts 60. Imagine that you are an administrator at De Anza College. Which sort of risk can you insure against? A The risk that students won't enroll classes next quarter. The risk that the library will burn to the ground