Search
.Management Sciences
A. no longer influences the amount demand of the firm’s product
B. becomes a decision variable for the firm
C. is guaranteed to be above a firm’s average cost.
D. is determined by the actions of other firms in the industry
Related Mcqs:
- When ________ substitutes exist, a monopolist has ________ power to raise price?
- A. more; more B. fewer; less C. more; less D. no; infinite...
- Relative to a competitively organized industry a monopoly ?
- A. Produces less output, charges higher prices and earns economic profits. B. Produces less output, charges lower prices and earns only a normal profit C. produces more output, charges higher prices and earns economics profits D. produces less output, charges lower prices and earns economic profits...
- Assume that firms in an oligopoly are currently colluding to set price and output to maximise total industry profit. If the oligopolists are forced to stop colluding, the price charged by the oligopolists will _________ and the total output produced will __________?
- A. decrease; decrease B. increase; decrease C. decrease; increase D. increase; increase...
- The formula for average variable cost (AVC) is ?
- A. DTVC/Dq B. q/TVC C. Dq/DTVC D. TVC/q...
- In monopolistic competition firms achieve some degree of market power ?
- 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...
Recent Comments