A _____ is a good offered either free or at low cost as an incentive to buy a product ?
A. patronage reward
B. spiff
C. price pack
D. premium
A. patronage reward
B. spiff
C. price pack
D. premium
A. Payable to anyone
B. payable to person holding it
C. payable through account only
D. payable after specific period
A. downward slog over all levels of output
B. upward slog over all levels of output
C. horizontal until it reaches full capacity and then becomes vertical
D. vertical until it reaches full capacity and then becomes horizontal
A. Gross Profit
B. Profit
C. Dividend
D. Right
A. the monopolist faces a downward-slog demand curve while the monopolistic competitor faces an elastic demand curve
B. the monopolist charges a price above marginal cost while the monopolistic competitor charges a price equal to marginal cost
C. The monopolist makes economic profits in the long run while the monopolistic competitor makes zero economic profits in the long run
D. Both the monopolist and the monopolistic competitor operate at the efficient scale
A. debt burden
B. the Laffer curves
C. bracket creep
D. fiscal drag
A. 2.0
B. 1.999
C. 2.323
D. 2.222