Pizza Producers Charge One Price for a Single Pizza and Almost

question 353

Multiple Choice

Pizza producers charge one price for a single pizza and almost give away a second one.This is an example of

• A) monopoly.
• B) a barrier to entry.
• C) behavior that is not profit-maximizing.
• D) price discrimination.
• E) rent seeking.

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Definitions:

Balance Sheet

A record that provides an overview of a company's assets, the liabilities it carries, and shareholder equity, focused on a precise date.

Stockholders' Equity

The portion of a company's assets that belongs to the shareholders after debts and liabilities have been settled.

Common Stock

Shares representing ownership in a company, entitling holders to vote at shareholder meetings and receive dividends.

Net Income

The conclusive earnings a company retains after all operational costs and taxes are taken away from the revenues.