Search
.Management Sciences
A. Thomson has a legally protected exclusive right to produce this textbook
B. Thomson owns a key resource in the production of textbooks.
C. Thomson is a natural monopoly,
D. Thomson is a very large company
Related Mcqs:
- X inefficiency occurs when ?
- A. The price is greater than the marginal cost B. The price is greater than the average cost C. Costs are higher than they could be due to a lack of competitive pressure D. There are external cost...
- A monopoly is able to continue to generate economic profits in the long run because ?
- A. there is some barrier to entry to that market B. Potential competitors sometimes don’t notice the the profits. C. the monopolist is financially powerful. D. antitrust laws eliminate competitors for a specified number of years. E. of all of the things described in these answers...
- Which of the following is a characteristic of pure monopoly ?
- A. One seller of the product B. low barriers to entry C. close substitute products D. perfect information...
- Compared to the case of perfect competition, a monopolist is more likely to ?
- A. charge a higher price B. produce a lower quantity of the product C. make a greater amount of economic profit D. all of the above...
- Which of the following best defines price discrimination ?
- A. charging different prices on the basis of race B. charging different prices for goods with different costs of production C. charging different prices based on cost-of-service differences D. selling a certain product of given quality and cost per unit at different prices to different buyers...
Recent Comments