
Econs poll
Quiz
•
Mathematics
•
University - Professional Development
•
Practice Problem
•
Medium
Dawn Wong
Used 3+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • Ungraded
Do you think Monopolies can be managed?
Yes
No
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Monopoly?
A board game
When only one company controls an entire industry—or even a sizeable percentage of that industry
When one company holds the highest percentage of market shares
A company that controls 10% of that industry
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are examples of a Monopoly?
Meta
Boeing
Singpost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an advantage of Monopolies?
Price Stability
R&D Budget
Different consumer, different price.
Ability to scale up
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following IS a disadvantage of Monopolies?
Increased prices
Inferior products
Price discrimination
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Why is there a need to regulate Monopolies?
So that organisations can maximise profits
To prevent organisations from pricing their goods too high
To promote good quality service offered by organisations
So that organisations have more funds for R&D
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the benefit of adopting Marginal Cost Pricing?
No deadweight loss
Covers fixed costs
Governments do not need to pump in large sums of monies to the organisation
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