A. p = Z
B. P = MC + Z
C. p = MC
D. P = MC – Z
A. restrict; promote
B. restrict; restrict
C. promote; promote
D. promote; restrict
A. nationalized; privatized
B. natural monopoly; potentially competitive
C. cartel; a sellers’ market
D. monopolistic competition duopoly
In the UK, electricity industry parts are a ____ and other parts are ___ ? Read More »
Applied Microeconomics, Economics Mcqs A. extended warranties offer value for money.
B. the cost of repair will usually exceed the cost of the warranty
C. they are paid commission on each extended warranty they sell.
D. They are concerned about customer satisfaction.
Sales staff are keen to sell extended warranties because ? Read More »
Applied Microeconomics, Economics Mcqs A. firms producing the same product
B. firms at various stages in production process.
C. firm producing complementary products
D. firms producing unrelated products.
A conglomerate merger is a merger of ? Read More »
Applied Microeconomics, Economics Mcqs A. increasing market power is the best way to achieve efficiency.
B. competition is the best way to achieve efficiency.
C. public ownership is the best way to achieve efficiency
D. regulation is the best way to achieve efficiency.
Antimonopoly laws are based on the proposition that ? Read More »
Applied Microeconomics, Economics Mcqs A. low; low
B. high; high
C. low; high
D. high; low
The external benefits of using cars are ____ and the external costs are _____? Read More »
Applied Microeconomics, Economics Mcqs A. Spain
B. Belgium
C. USA
D. UK
Between 1990 and 1999 car ownership per thousand of the population fell in ? Read More »
Applied Microeconomics, Economics Mcqs A. Persuade the regulator to operate in the industry’s interests
B. Persuade the regulator to act in the firms interests.
C. Bribe the regulator.
D. Persuade the government to change the regulatory regime.
A. deregulation
B. making markets contestable
C. natural monopoly.
D. cross-subsidization.
