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Which market do consumers benefit the most from? A. perfect competition B. monopolistic competition C. monopoly D. oligopoly
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Asked 2/15/2012 11:42:27 AM
Updated 1/23/2014 7:29:03 AM
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User: Which of the following was NOT banned through the Clayton Antitrust Act of 1914? A. price fixing B. price index C. price discrimination D. tying contracts

User: Which market do consumers benefit the most from? A. perfect competition B. monopolistic competition C. monopoly D. oligopoly

Weegy: C) perfect competition
evermore|Points 432|

User: What does "the theory of the firm" explain? A. market supply of goods and services B. the creation of the input market C. market demand for goods and services D. the makeup of the output market

User: What is the following scenario an example of? The Sandals Shoe Company charges one customer $10 for a pair of boots and another customer $30 for the same pair of boots for no legitimate reason. A. price discrimination B. price fixing C. predatory pricing D. tying contracts

Weegy: C. predatory pricing
darkbakshi|Points 706|

User: Match the terms with the appropriate definitions. The size of a firm allows it to function better and use resources more efficiently.a government grant to an inventor, giving for a specified period the exclusive right to make, use, or sell an invented device, process, or the likethe exclusive legal right to make copies of, distribute, or perform all or part of a published or recorded work for a certain extended period of time A. a-copyrights, b-economies of scale, c-patents B. a-patents, b-copyrights, c-economies of scale C. a-economies of scale, b-patents, c-copyrights D. a-economies of scale, b-copyrights, c-patents

Weegy: B.
aposton|Points 712|

User: What are the two constraints that firms face while trying to maximize profits? A. price index and government tools B. law of supply and law of demand C. cost of production and consumer demand D. labor and raw materials

Weegy: C. cost of production and consumer demand
elgiant|Points 481|

User: Which of the following is the definition of price discrimination? A. when companies agree to sell the same good at the same price B. when one company sells a good at an extremely low price only to drive other competitors out of the market C. when a company makes a buyer buy a good they don't need in order to get a good they do need D. when a company sets different prices for different buyers under the same circumstances

Weegy: Which of the following is the definition of price discrimination? D. [ when a company sets different prices for different buyers under the same circumstances - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Price discrimination or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or prohibition on secondary exchange (or re-selling) to prevent arbitrage, price discrimination can only be a feature of monopolistic and oligopolistic markets,[3] where market power can be exercised. Otherwise, the moment the seller tries to sell the same good at different prices, the buyer at the lower price can arbitrage by selling to the consumer buying at the higher price but with a tiny discount. However, product heterogeneity, market frictions or high fixed costs (which make marginal-cost pricing unsustainable in the long run) can allow for some degree of differential pricing to different consumers, even in fully competitive retail or industrial markets. Price discrimination also occurs when the same price is charged to customers which have different supply costs. ]
Expert answered|jher000|Points 6818|

Question
Asked 2/15/2012 11:42:27 AM
Updated 1/23/2014 7:29:03 AM
1 Answer/Comment
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B. price index was NOT banned through the Clayton Antitrust Act of 1914.
Added 1/23/2014 7:29:03 AM
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