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The U0 Economics Society is running a sausage sile at UQ. The}.r sell sausages tor$2 each and cans of soft drink for $1.50 each. Select
The U0 Economics Society is running a sausage sile at UQ. The}.r sell sausages tor$2 each and cans of soft drink for $1.50 each. Select the item from the list provided to make the following statements true. V Selling two sausages and a drink together for $5 is an example of V The market will he more ifthe U0 Economics Society sells two sausages and a drink for $5, with producer surplus decreasing and consumer surplus increasing. V The Economics Society's would likelyI be reduced ifthe UQ Law Society decided to compete in the sausage siRIe market with reduced prices. 9. WPP'PPE'J.' First degree price discrimination Second degree price discrimination Third degree price discrimination Peak load pricing Pricing power Arbitrage Inefcient Collusion Dominant 1U. Dominated 1 'I. Prisoner's dilemma 12. Efcient
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