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B. the quantity produced by the first firm will<br />
increase<br />
C. the first firm's profits will decrease<br />
D. All of the above will occur.<br />
Question 8 of 402.5/ 2.5 Points<br />
Market power is the power to __________ .<br />
A. control prices<br />
B. gain another firm's customers<br />
C. reduce price below cost to deter<br />
entry<br />
D. control output<br />
Question 9 of 400.0/ 2.5 Points<br />
Which of the following would NOT be considered price discrimination?<br />
A. charging more money for long-distance calls during business hours than on<br />
weekends<br />
B. giving students a discount on ski lift tickets<br />
C. charging higher rates for oil delivery to people who live farther from your business<br />
D. charging less money to wash a large luxury car than a small economy car<br />
Question 10 of<br />
2.5/ 2.5 Points<br />
40<br />
You notice that the price of butter rises and then falls. The best explanation for this is that<br />
__________ .
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