Bernoulli's Principle: You Are Driving a Late Model Convertible Car

question 6

Multiple Choice

Bernoulli's principle: You are driving a late model convertible car at the 65 mph speed limit with its soft flexible roof closed up and the windows closed. You observe that the roof

• A) bows inward.
• B) is no different from when the car was at rest.
• C) bows outward.
• D) bows inward only when you are driving uphill.
• E) bows inward only when you are driving downhill.

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Definitions:

Single-Price Monopolist

A monopolist that offers its product to all consumers at the same price.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices to different customers.

Consumer Surplus

The variance between the sum consumers are willing to pay for a product or service and the actual payment made.

Single-Price Monopolist

A monopolistic firm that offers its product or service at a single price to all its consumers, without price discrimination.