
Final Review R2
Quiz
•
Other
•
University
•
Medium
Lauren Banko
Used 1+ times
FREE Resource
Enhance your content in a minute
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. If a firm is a price taker, then the demand curve for the firm's product is:
A. Equal to the total revenue curve
B. Perfectly inelastic
C. Perfectly elastic
D. Unit elastic
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. Which is true in both monopolies and pure competition?
A. Profits are positive
B. Price = Marginal Revenue
C. Marginal Cost = minimum ATC
D. Marginal Revenue = Marginal Cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. A feature of oligopolies is that there is:
A. There are many firms in the industry
B. Mutual interdependency
C. Always a cartel present
D. only standardized products
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. In the long run, the economic profits for a monopolistically competitive firm will be:
A. The same as the profits for a monopolist
B. Slightly less than the profits of a monopolist
C. The same as the profits for a purely competitive firm
D.Slightly more than the profits of a purely competitive firm
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. What is the profit maximizing quantity?
A. 0
B. 3
C. 4
D. 5
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. How much profit will this firm earn?
A. 16
B. 56
C. 20
D. 9
Similar Resources on Wayground
11 questions
Ant science
Quiz
•
5th Grade - University
11 questions
Drug For Anti-Hypertension
Quiz
•
University
10 questions
S3- SyC
Quiz
•
University
10 questions
Lesões e Curativos
Quiz
•
University
10 questions
Quizziz 1-2023 - Historia Neuropsicologia
Quiz
•
University
10 questions
Análisis de la conducta taller
Quiz
•
University
10 questions
Crossfit mental 11 (A)
Quiz
•
University
10 questions
Derecho Internacional Público
Quiz
•
University
Popular Resources on Wayground
5 questions
This is not a...winter edition (Drawing game)
Quiz
•
1st - 5th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
10 questions
Identify Iconic Christmas Movie Scenes
Interactive video
•
6th - 10th Grade
20 questions
Christmas Trivia
Quiz
•
6th - 8th Grade
18 questions
Kids Christmas Trivia
Quiz
•
KG - 5th Grade
11 questions
How well do you know your Christmas Characters?
Lesson
•
3rd Grade
14 questions
Christmas Trivia
Quiz
•
5th Grade
20 questions
How the Grinch Stole Christmas
Quiz
•
5th Grade
Discover more resources for Other
26 questions
Christmas Movie Trivia
Lesson
•
8th Grade - Professio...
20 questions
christmas songs
Quiz
•
KG - University
20 questions
Holiday Trivia
Quiz
•
9th Grade - University
15 questions
Holiday Movies
Quiz
•
University
14 questions
Christmas Trivia
Quiz
•
3rd Grade - University
20 questions
Christmas Trivia
Quiz
•
University
8 questions
5th, Unit 4, Lesson 8
Lesson
•
KG - Professional Dev...
20 questions
Disney Trivia
Quiz
•
University
