SISON 7

Which of the followings is the shut down price in short-run ?

• Below P1

• Below P2

• Between P1 and P3

• Between P2 and P4

Which of the following is an example of monopoly in Vietnam?

• Electric

• Coffee

• Telecommunication

• milk tea

Which of the following points mean that firm should exit the industry ?

• Below P2

• Below P3

• Between P2 and P3

Which of the following is an example of perfect competition in Vietnam?

• Electric

• Coffee

• Telecommunication

• Petroleum

When P < SAVC in short-run, a monopolist should ..... the production

• remain the same

• decrease

• shut down

• increase

To maximize the profits, a monopolist choose the output where .....

• AC = AR

• MC = AR

• P = MR

• MR = MC

.................. is a market in which both buyers and sellers believe that their own actions have no effect on the market price.

• Monopoly

• Perfect competition

• Oligopoly

Which of the following is the characteristic of perfect competition?

• Only one buyer

• Homogenous products

• Strong barrier to entry

• Control the price

Which of the followings is a characteristic of monopoly?

• Many sellers

• Strong barrier to entry

• Homogenous products

• Public information