Afirm should charge a low introductory price in a two-period monopoly model if a. the total profit in both periods is greater than the additional profit in the second period. b. the foregone profit in the second period is greater than the additional profit in the first period. c. the total profit in both periods is greater than the additional profit in the first period. d. the foregone profit in the first period is less than the additional profit in the second period.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Which feature is a characteristic of a corporation?

"consists of larger societal forces that affect how a company engages and serves its customers."