Weegy: C) perfect competition 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 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. 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 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 ... (More)