x
Info
x
Warning
x
Danger
 / 
 / 
 / 
11) Firms that produce ________ products must be ________ competitive. A)

Question : 11) Firms that produce ________ products must be ________ competitive. A) : 1407632

 

11) Firms that produce ________ products must be ________ competitive.

A) differentiated; imperfectly

B) differentiated; perfectly

C) standardized; imperfectly

D) standardized; perfectly

E) exported; imperfectly

12) Imperfectly competitive firms have a demand curve that ________ and a marginal revenue curve that ________ and is ________ the demand curve.

A) slopes downward; slopes downward; below

B) is horizontal; is horizontal; the same as

C) slopes downward; is horizontal; above

D) is horizontal; slopes downward; below

E) slopes downward; slopes downward; the same as

13) An imperfectly competitive firm has the following demand curve: Q = 100 - 2P. What is marginal revenue equal to when P = 30?

14) An imperfectly competitive firm has the following demand curve: Q = 100 - 2P. What is marginal revenue equal to when P = 40?

15) An imperfectly competitive firm has the following total cost curve: C = 100 + 4Q. What is marginal cost equal to when Q = 10?

16) An imperfectly competitive firm has the following total cost curve: C = 100 + 4Q. What is total cost equal to when Q = 10?

17) An imperfectly competitive firm has the following total cost curve: C = 100 + 4Q. What is average total cost equal to when Q = 10?

18) An imperfectly competitive firm has the following total cost curve: C = 100 + 4Q. What is average fixed cost equal to when Q = 10?

19) Under oligopoly, firms' pricing policies are ________ and, under monopolistic competition, they are ________.

A) interdependent; independent

B) independent; interdependent

C) cooperative; uncooperative

D) uncooperative; cooperative

E) profit maximizing; revenue maximizing

20) Under the model of monopolistic competition, a(an) ________ in the number of firms in the industry will cause ________ to ________.

A) increase; average price; decrease

B) increase; average price; increase

C) increase; average cost; decrease

D) decrease; markup; decrease

E) increase; marginal cost; decrease

 

 

Solution
5 (1 Ratings )

Solved
Finance 2 Years Ago 205 Views
This Question has Been Answered!

Related Answers
Unlimited Access Free
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
275781 Finance Questions Answered!
Post a Question