Profit Maximizing Under Perfect Competition & Monopoly Mcqs


Q.  An oligopoly with a dominant price leader will produce a level of output ?

a. equal to what a monopolist would choose in the same industry
b. between that which would prevail under competition and that which a monopolist would choose in the same industry
c. that would prevail under competition
d. between that which would prevail under competition and that which a monopolistic competitor would choose in the same industry.


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  The rate at which a firm can substitute capital for labour and hold output constant is the ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Most empirical studies show that firm’s cost curves ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Engineers for the All-Terrain Bike Company have determined that a 15% increase in all inputs will cause a 15% increase in output Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which of the following is a correct statement about the relationship between average product (AP) and marginal product (MP) ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The short run, as economists use the phrase, in characterized by ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which of the following is most likely to be a variable cost for a firm ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Profit-maximizing firms want to maximize the difference between ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  A reduction in interest rates, causes an increases in the monetary base that results in an _________ in the availability of consumer credit and a ________ in the cost of consumer credit?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Central banks prefer to fix the ____ and accept the resulting _____?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If the central bank buys financial securities in the open market to increase the monetary base, this is and example of ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  M4 is a __________ measure of money and includes deposits at both __________ and _________?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  When interest rate rise, other things equal, we can expect the quantity of real money holding to ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If the keep some money available in case I see a bargain this is an example of ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If banks and the private sector decide to hold less cash the money multiplier will be ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Banks create money by ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Money has 3 main function they are __________ and __________?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Each point on the LM curve represents the equilibrium point in the ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The curve that illustrates the positive relationship between the equilibrium values of aggregate output and the interest rate in the money market is the ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Each point on the IS curve represents the equilibrium point in the ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The way in which government spending is supposed to reduce investment is by increasing ?
Category: Economics Mcqs,   Published by: teswesm