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.Management Sciences
Category: Applied Microeconomics
A firm charging different buyers’ different prices for the same product is practicing ?
A. Competitive pricing.
B. Price discrimination
C. price discounting.
D. price fixing.
The external benefits of using cars are ____ and the external costs are _____?
A. low; low
B. high; high
C. low; high
D. high; low
De-regulation is where the government ?
A. removes barriers to entry
B. imposes higher standards of conduct
C. removes barriers to entry and minimum product quality standards
D. breaks up private sector monopolies.
A horizontal merger is a merger of?
A. firms producing unrelated products
B. firms producing complementary products
C. firms at various stages in a production process.
D. firms producing the same product
Between 1990 and 1999 car ownership per thousand of the population fell in ?
A. Spain
B. Belgium
C. USA
D. UK
Which city has the following transport policy ?
A. Car licenses are very expensive vehicle entry to the city center is very restricted road pricing is being introduced and modern cheap rail transport is being expanded.
B. London
C. Athens
D. Singapore
E. New York
Economists use the term regulatory capture to mean a situation where the private sector firms being regulated ?
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 merger in which firms at various stages in a production process combine is a ?
A. production merger
B. vertical merger
C. conglomerate merger.
D. horizontal merger
Sales staff are keen to sell extended warranties because ?
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.
Spending on motoring as a % of household expenditure in the UK shows that motoring is ?
A. Environmentally damaging
B. an inferior good
C. a potential public good
D. a superior good
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