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:

Mind

The element of a person that enables them to be aware of the world and their experiences, to think, and to feel; the faculty of consciousness and thought.

Functionalism

A perspective in psychology and philosophy that considers mental life and behavior in terms of active adaptation to environmental challenges.

William James

A pioneering American psychologist and philosopher recognized for his contributions to pragmatism and functional psychology.

Mind's Operations

The processes or activities by which the mind engages in thought, including reasoning, memory, and problem-solving.