Polly’s Lakeside, a restaurant, charges significantly more for an item ordered off the dinner menu than for the same item ordered at lunchtime. This restaurant is practicing  

  An example of price discrimination is when  

  Most economists are against monopolies because monopolies  

  The typical result of monopoly is __________ prices and __________ output than we find in a competitive market.  

  Why do governments issue patents?  

  Harnessing the benefits of competition, reducing trade barriers, and regulating markets are three  

Chapter Seven: The Early Republic

Chapter Six: A New Nation

Chapter Five: The American Revolution

 At the age of seventeen, this individual ran away, eventually ending up in Quaker Philadelphia. There he began publishing the Pennsylvania Gazette in the late 1720s, and in 1732 he started his annual publication Poor Richard: An Almanack, in which he gave readers much practical advice, such as “Early to bed, early to rise, makes a man healthy, wealthy, and wise.”