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Market structures
Page 6
Questions (430)
Hi,
I would really appreciate it if someone could help me with these questions: An author earns royalties from his book that are
1 answer
asked by
SuprNova
584 views
hi, can sum1 help me?
wats difference between monopoly and perfect competition? one is a solely dominated market and the other is
10 answers
asked by
RyaN
1,240 views
This is a good and fun question that I am still scratching my head oever.
We know monopoly's profit maximisation is MC=MR. We
3 answers
asked by
Sir Donsball
3,087 views
The less elastic a monopolistic competitor's long-run demand curve, the
the greater the profitability of the firm.
1 answer
asked by
Anonymous
1,098 views
"In both monopoly and perfect competition the profit maximising output is at the level at which MR = MC, but only in the latter
1 answer
asked by
James
499 views
"In both monopoly and perfect competition the profit maximising output is at the level at which MR = MC, but only in the latter
1 answer
asked by
James
508 views
Heres one IM SURE economist will enjoy... Always saying MC = MR :)
Please help... I know its something to do with Perfectly
2 answers
asked by
D
518 views
just a quick qusetion....if a firm is both a monopoly and a monopsony. How would the profit maximizing wage and lvl of labour in
1 answer
asked by
kevin
526 views
hey thanks for previous replys to earlier questions...espicially "economyst", you have been a great help !!!
stuck on these
1 answer
asked by
brad
476 views
Definition of monopoly
1 answer
asked by
sumy
626 views
How would one argue that there is no such things as a natural monopoly? What factor are involved?
I would make a case that
1 answer
asked by
Michelle
576 views
The horizontal demand curve for a firm in perfectly competitive market structure implies what??
1 answer
asked by
Those who want to be...
47 views
Is the horizontal demand curve for a firm in perfectly competitive market structure implies demand is perfectly elastic?why??
1 answer
asked by
Those who want to be...
52 views
is the horizontal demand curve for a firm in perfectly competitive market structure implies demand is perfectly inelastic?
why??
1 answer
asked by
Those who want to be...
49 views
Is a firm operating in perfect market maximizes its peofit by adjusting its output until its marginal cost equal to output price
1 answer
asked by
Those who want to be...
58 views
List all example of perfectly compititive market
1 answer
asked by
Those who want to be...
28 views
List all example of monopolistic compititive market
1 answer
asked by
Those who want to be...
34 views
LIst all example of ologopoly market
1 answer
asked by
Those who want to be...
23 views
Listall example of monopoly market
1 answer
asked by
Those who want to be...
20 views
Differenciate price taker and price maker with example
1 answer
asked anonymously
26 views
Select which characteristic of a perfectly competitive industry is not met in the examples below.
Four fundamental
1 answer
asked by
AOL
57 views
Aperfect cartel
1 answer
asked anonymously
28 views
QUESTION 2 [25 marks]
Discuss how a perfectly competitive market determines its equilibrium price and quantity in the short run
1 answer
asked anonymously
55 views
Among monopoly, oligopoly, Monopolistic competition, and perfect competition, how would you classify the markets for each of the
3 answers
asked by
Sammy
1,558 views
2. Explain how trusts, pools, holding companies, and communities of interest work to reduce competition and to introduce
3 answers
asked by
Adam
1,388 views
Do monopolies usually tend to result in higher prices, lower quality, fewer choices, or all of the above. I think it's higher
2 answers
asked by
tabby
1,082 views
Hey just needed some pointers on the following questions.
True or False? Explain.. 1. As long as the firm has to pay for an
1 answer
asked by
Jason
417 views
Which of the following is not a characteristic of a monopoly?
A. Barriers to entry. B. A single firm in the market. C. A
1 answer
asked anonymously
47 views
As compared to a perfectly competitive industry, a monopoly industry with identical cost curves will
A. produce less and set a
1 answer
asked anonymously
25 views
Question
What is a monopoly? (1 point) Responses A monopoly is a free market economic system. A monopoly is a free market
1 answer
asked anonymously
48 views
Which of the following best illustrates a perfectly competitive market?
Question 3 options: A) Soft drinks. B) Automobiles. C)
1 answer
asked by
uosagp
29 views
Which of the following is true of a perfectly competitive firm?
Question 4 options: A) The firm is a price maker. B) If the firm
1 answer
asked by
uosagp
53 views
A perfectly competitive firm in the short-run can earn:
Question 5 options: A) positive economic profits. B) negative economic
1 answer
asked by
uosagp
45 views
Which of the following is a market structure of monopoly?
Question 15 options: A) Few firms operating as price takers. B) Single
1 answer
asked by
uosagp
55 views
Which of the following is true for a pure monopolist?
Question 16 options: A) The firm has a perfectly elastic demand curve. B)
1 answer
asked by
uosagp
49 views
Both a perfectly competitive firm and a monopolist:
Question 19 options: A) always earn an economic profit. B) maximize profit by
1 answer
asked by
uosagp
45 views
Under monopoly, a firm:
Question 18 options: A) is a price taker. B) maximizes profit by setting marginal cost equal to marginal
1 answer
asked by
uosagp
44 views
A monopoly will price its product:
Question 20 options: A) where total revenue is maximized. B) where total costs are minimized.
1 answer
asked by
uosagp
43 views
A monopoly:
Question 22 options: A) faces the market demand curve which is downward sloping. B) has a marginal revenue curve
1 answer
asked by
uosagp
59 views
In contrast to a perfectly competitive firm, a monopolist earns:
Question 27 options: A) negative economic profit in the long
1 answer
asked by
uosagp
41 views
Compared to a perfectly competitive firm, a monopolist:
Question 26 options: A) charges a higher price. B) produces lower output.
1 answer
asked by
uosagp
39 views
Firms in a monopolistically competitive industry produce:
Question 28 options: A) homogeneous goods and services. B)
1 answer
asked by
uosagp
40 views
Which of the following is a characteristic of the monopolistic competition market structure?
Question 29 options: A) Many firms
1 answer
asked by
uosagp
52 views
Monopolistic competitive firms in the long run earn:
Question 30 options: A) positive economic profits. B) zero pure economic
1 answer
asked by
uosagp
49 views
In the long run in monopolistic competition,
Question 32 options: A) economic profits are zero. B) P = MC. C) P = minimum ATC. D)
1 answer
asked by
uosagp
37 views
In monopolistic competition if there is profit, there is:
Question 31 options: A) a signal for new firms to enter. B) a motive
1 answer
asked by
uosagp
45 views
Which of the following is a characteristic of monopolistic competition?
Question 34 options: A) free entry B) ownership of a key
1 answer
asked by
uosagp
33 views
If a monopolistically competitive firm can earn a profit, it will increase production until:
Question 33 options: A) MR > AVC. B)
1 answer
asked by
uosagp
39 views
A market structure with only a few sellers, each offering similar or identical products, is known as
Question 37 options: A)
1 answer
asked by
uosagp
44 views
A monopolistically competitive market has characteristics that are similar to
Question 36 options: A) a monopoly only. B) Perfect
1 answer
asked by
uosagp
56 views
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Parent Categories (7)
Business and Economics
Business/Economics
Economic Systems
Economics
Microeconomics
Supply and Demand
Venture Capital