Which of the following is not a condition for a firm to engage in price discrimination? Group of answer choices Consumers are partitioned into two or more types, with one type having a more elastic demand than the other. The firm has a means of identifying consumer types. The consumers are assured to be sincere in telling their true natures. There is no resale market for the good.

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

In microeconomics, the point at which supply and demand meet is called the blank price

2. which of the following statements about interest is true? a. interest is a one-time fee that you pay for lending money. b. interest is expressed as a percentage of the amount you are borrowing. c. because interest rates tend to be small numbers, they typically don't have much effect on the price of the goods you're purchasing. d. interest is a penalty that you pay when you don't pay your bills on time.