A. many buyers and sellers
B. none of these answers
C. firms that are price takers
D. only one seller
A monopolistic market has ? Read More »
Economics Mcqs, Market A. none of these answers
B. increases the quantity supplied of that good
C. increase the supply of that good
D. decrease the demand for the good
E. decrease the quantity demanded for that good
The law of supply states that an increase in the price of a good ? Read More »
Economics Mcqs, Market A. Complements
B. inferior goods
C. normal goods
D. none of these answers
E. Substitutes
A. increasing average cost curve, marginal cost lies above average cost
B. increasing average cost curve, marginal cost lies below average cost
C. decreasing average cost curve marginal cost lies above average cost
D. decreasing average cost curve, marginal cost lies below average cost
A. vertical merger
B. horizontal merger
C. conglomerate merger
D. hostile takeover
A. marginal cost is set equal to marginal revenue
B. price is less than marginal cost
C. marginal consumer benefit is less than marginal revenue
D. there is too little output at too high a cost
The social costs of monopoly power arises because ? Read More »
Economics Mcqs, Market A. reduce , reduce
B. increase, increase
C. increase, reduce
D. reduce, increase
A. marginal costs, marginal benefits
B. demand, supply
C. marginal cost, marginal revenue
D. marginal cost, average cost
A. imperfect competition popular
B. externalities , distortionary
C. inequality , a first best option
D. poor health, unnecessary
Except for taxes to offset ______ taxes are ______? Read More »
Economics Mcqs, Market A. Private good
B. merit good
C. public good
D. abundant good
