Malik Is Presenting an Informational Speech on the Sudanese Civil

question 2

Multiple Choice

Malik is presenting an informational speech on the Sudanese civil war and its international impact. He is looking for a website that provides factual information and explanations. What URL indicator should he look for?

• A) .net or .com
• B) .name
• C) .edu or .gov
• D) .coop

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Definitions:

First-Degree Price Discrimination

A pricing strategy where a seller charges each customer the maximum price they are willing to pay.

Producer Surplus

The difference between the amount a producer is paid for a good versus what they would have been willing to accept, reflecting the benefit to producers from participating in the market.

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

Marginal Revenue Function

A mathematical formula that shows the additional revenue generated by selling one more unit of a good or service.