A profit-maximizing monopolist is able to practice third-degree price discrimination. If he charges p1 in market 1 and p2 in market 2, where p1 < p2, what is the relationship between price elasticity in market 1 and market 2?

Atrough in the business cycle occurs when

What tax is paid by the most people in the united states

Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u. s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.