A. a good produced by a natural monopoly
B. a private good
C. a public good
D. a common resource
A. import quota
B. export quota
C. selective quota
D. global quota
A. Newspapers
B. Television
C. Direct Mail
D. Radio
A. Islamabad
B. Lahore
C. Faisalabad
D. Peshawar
A. Only countries with low wages will export
B. Only countries with high wages will import
C. Countries with high wages will have higher prices
D. All of the above are false
A. Perfect price discrimination generates a deadweight loss
B. Price discrimination can raise economic welfare.
C. price discrimination requires that seller be able to separate buyers according to their willingness to pay.
D. Price discrimination increases a monopolist’s profits.
E. For a monopolist to engage in price discrimination buyers must be unable to engage in arbitrage.
A. Karachi Shipyard
B. Pakistan Steel Mili
C. State Cement
D. Telephone Industry of Pakistan