Lecture Stuff Flashcards
1
Q
Ways for a firm to be shady in pricing:
A
Perfect price discrimination, quantity discounts, separate market into parts (seniors, college students, youth)
2
Q
Is income inequality really that bad?
A
Lots of low-income people are old and have money saved or are young and just starting careers.
3
Q
What drives currency markets?
A
Supply and demand. In the long run, tends towards purchasing power parity… however dollar is overvalued in that sense.
