What Is the Average Number of People in a Food-Foraging

question 67

Multiple Choice

What is the average number of people in a food-foraging group?

• A) around 20
• B) fewer than 50
• C) fewer than 100
• D) more than 500

Analyze the relationship between market structures, price setting, and the ability of firms to engage in price discrimination.

Understand the economic outcomes of regulating monopolies, including the impact on prices, output, and economic efficiency.

Examine the reasons why monopolies engage in price discrimination and the impact of such practices on profits and welfare.

Evaluate the effects of price discrimination on social welfare, including changes in consumer surplus, producer surplus, and deadweight loss.