1 High barries to entry is at highest level, marginal utility is: A.) Equal to z
ID: 2438865 • Letter: 1
Question
1
High barries to entry is at highest level, marginal utility is:
A.) Equal to zero
B.) Falling
C.) Equal to one
D.) Rising
2
What is the cause of scarcity?
A.) OPEC limiting the supply of oil
B.) Based on consumers who have unlimited wants
C.) Firms that employ first degree price discrimination
D.) based on consumers who have limited wants
3
Total surplus is equal to:
A.) Total surplus minus producer suplus
B.) Producer surplus minus consumer surplus
C.) Consumer surplus plus producer surplus
D.) Total surplus minus consumer surplus
4
An oligopololistic market structure faces a(n):
A.) Downward sloping demand curve
B.) Upward sloping demand curve
C.) Kinked demand curve
D.) Inelastic demand curve
5
A perfectly competitive market structure faces:
A.) A price floor
B.) market shortage
C.) A price ceiling
D.) market surplus
6
How do monopolstic market structures determine prices to charge for good and services?
A.) Price is read from the demand curve from the intersection of the profit to charge for goods and services?
B.) monoplistic market structures can price their goods and services at any point they wish
C.) price is read from thedeamand curve from the average total cost (ATC) curve
D.) price is determined based on demand and supply
Explanation / Answer
Answer:
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.