Search
.Management Sciences
A. by producing differentiated products
B. because of barriers to exit from the industry
C. by virtue of size alone
D. because of barriers to entry into the industry
Related Mcqs:
- Maximum profit can be shown on a diagram using ?
- A. the MR and MC curves B. the AC and AR curves C. the AC and MC curves D. the MR and AR curves...
- A group of firms that gets together to make price and output decisions is called ?
- A. a concentrated industry. B. a cartel C. price leadership D. an oligopoly....
- A major weakness of the kinked demand curve model of oligopoly is that ?
- A. it assumes that firms believe that their rivals will not respond to any price change they initiate B. it fails to explain how a firm arrived at its price and output decision initially C. The model cannot be tested empirically. D. Real-world pricing strategies are more simple than those assumed in this model...
- The slope of marginal revenue curve is ?
- A. always equal to one. B. half as steep as the demand curve C. the same as the slope of the demand curve D. twice as steep as the demand curve...
- Suppose we know that a monopolist is maximizing its profits. Which of the following is a correct inference? the monopolist has?
- A. maximized its total revenue B. set price equal to its average cost C. equated marginal revenue and marginal cost D. maximized the difference between marginal revenue and marginal cost....
Recent Comments