Micro - Oligopoly
Quiz
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Other
•
University
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Practice Problem
•
Hard
Alia A
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In an oligopoly market structure, how many sellers are typically present?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the potential for profit in an oligopoly market in the long run?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to quantity demanded when an oligopolistic firm increases its price and no rivals follow suit?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the demand curve look like for an oligopolistic firm?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does an oligopolistic firm determine the profit-maximizing output?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do average cost curves impact an oligopolistic firm's short-run profitability?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What protects profits in an oligopoly market structure in the long run?
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