Monopoly, Competition & Labour Market Mcqs


Q.  One source of inefficiency in monopolistic competition is that since price is above marginal cost, some units are not produced that buyers value in ?

a. Since price is above marginal cost surplus is redistributed from buyers to sellers
b. monopolistically competitive firms earn economic profits in the long run
c. monopolistically competitive firms produce beyond their efficient scale
d. excess of the cost of production and this causes a deadweight loss.


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Which of the following is not an example of foreign direct investment ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  ________ refers to the price charged for products sold to a subsidiary to a multinational corporation b another subsidiary in another country?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Multinational corporations ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which business device involves the creation of a new business by two or more companies often for a limited period of time ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  American labor unions have maintained that U.S multinational corporations have been ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Firms undertake multinational operations in order to ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The migration of employable workers from low-paying nations to high-paying nations tends to decrease ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  G. MecDougall showed in his tests that ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Dynamic gains from trade could result from ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Under free trade, Canada would not realize any gains from trade with Sweden if Canada ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  In autarky, when a community maximizes its standard of living its production point is ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  In aukarky, when a community maximizes its standard of living, its production and consumption point is ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Which countries terms of trade improved between 1990 and 2000 ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If a country has a liner (downward sloping) production possibilities frontier, then production is said to be subjected to ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If the relative Price (MRT) of T were to increase, then the price line would ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The relative price (MRT) of T in terms of S is ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Country B has the comparative advantage in ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  In autarky the relative price of wine, in terms of beer, in Country B is ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Country A has an absolute advantage in ?
Category: Economics Mcqs,   Published by: teswesm