Sellers May Choose Not to Sell in Certain Markets If

question 69

Multiple Choice

Sellers may choose not to sell in certain markets if:

• A)it is possible to practice price discrimination against customers.
• B)buyers are unable to perceive the high quality of their goods.
• C)the social cost of production exceeds the private cost of production.
• D)the social cost of production is lower than the private cost of production.
• E)there are technological spillovers in the production of a good.

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Definitions:

American Revolution

The period of political turmoil and military conflict between 1775 and 1783, in which the Thirteen Colonies gained independence from Great Britain.

First Continental Congress

A meeting of delegates from twelve of the thirteen American colonies in 1774, convened in Philadelphia to address colonial grievances against British policies.

Tasks

Specific jobs or pieces of work assigned or undertaken by an individual as part of a larger project or responsibility.

Members

Individuals who belong to a group, organization, or institution and typically have specific rights, responsibilities, or roles within it.