TRIAL QUESTION
A monopsony is a market condition in which there are numerous suppliers and only one buyer and a small number of buyers.
Викторина: раунд 1
Quiz
•
Business
•
1st - 10th Grade
•
Medium
Татьяна Векшегонова
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TRIAL QUESTION
A monopsony is a market condition in which there are numerous suppliers and only one buyer and a small number of buyers.
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In the monopolistic competition market, entry barriers are lower than in the oligopoly market.
True
False
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The presence of market power is one of the conditions for the implementation of price discrimination.
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A profit-maximizing monopolist operates on an inelastic demand segment.
True
False
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Barriers that are embedded in the fundamental market conditions and that firms can not control are called exogenous.
True
False
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
if consumers expect intertemporal price discrimination in the durable goods market, they will reduce the consumption of goods today
True
False
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Resale price maintenance refers to any attempt by a manufacturer to control the price set by a dealer reselling the product.
True
False
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