Which of the Following Is an Example of an Intermediate

question 85

Multiple Choice

Which of the following is an example of an intermediate good?

• A)Sugar bought by a bakery
• B)Sugar bought by a family
• C)Furniture bought by a family
• D)Burgers bought at a restaurant
• E)Medicines bought at a pharmacy

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Definitions:

Monopoly Pricing

A pricing strategy used by a monopoly where the company can set prices with little to no competition, often above the market rate.

Antitrust Laws

Regulations designed to promote competition and prevent monopolies by restricting certain business practices deemed unfair or anti-competitive.

Less Competitive

Characterized by a lower ability or lack of ability to rival others in the same market.

Perfect Price Discrimination

A pricing strategy where a seller charges the maximum possible price for each unit consumed that a buyer is willing to pay, capturing the entire consumer surplus.