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WorksheetsMarket Structures
Total questions: 10
Worksheet time: 5mins
Price varies by attribute such as a location or by Customer Segment is ________ degree of Price Discrimination
First
Second
Third
Fourth
Price Discrimination cannot persist under the following
Perfect Competition
Monopolistic
Monopoly
Oligopoly
Unlike perfect competition, a monopolist can make abnormal profits in the long run.
True
False
Sweezy' s Model explains the concept of price rigidity relating to the following market forms
Oligopolistic Market
Perfect Competition Market
Monopoly Market
Monopolistic Competition
Which of the following statements is in correct?
Under monopoly there is no difference between a firm and industry
A monopolist may restrict the output and raise the price
Free entry and exit in a Monopoly Market
Product differenciation is peculiar to monopolistic competition
Pure oligopoly is based on the _____ products.
Differentiated
Homogeneous
Unrelated
none of the above
A monopolist is a
Price maker
Price taker
Price adjuster
none of the above
Under monopoly, the degree of control over price is:
none
same
very considerable
none of the above
