曼昆《经济学原理白》微观第五版测试题库16.doc

PAGE \* MERGEFORMAT 1096 ? Chapter 16/Monopolistic Competition Chapter 16/Monopolistic Competition ? PAGE \* MERGEFORMAT 1097 PAGE \* MERGEFORMAT 1078 Chapter 16 Monopolistic Competition TRUE/FALSE 1. The competition in monopolistically competitive markets is most likely a result of having many sellers in the market. ANS: T DIF: 1 REF: 16-1 NAT: Analytic LOC: Monopolistic competition TOP: Monopolistic competition MSC: Interpretive 2. The monopoly in monopolistically competitive markets is most likely a result of firms having some pricing power due to product differentiation. ANS: T DIF: 1 REF: 16-1 NAT: Analytic LOC: Monopolistic competition TOP: Monopolistic competition MSC: Interpretive 3. Monopolistic competition is characterized by many buyers and sellers, product differentiation, and free entry. ANS: T DIF: 1 REF: 16-1 NAT: Analytic LOC: Monopolistic competition TOP: Monopolistic competition MSC: Definitional 4. Monopolistic competition is characterized by many buyers and sellers, product differentiation, and barriers to entry. ANS: F DIF: 1 REF: 16-1 NAT: Analytic LOC: Monopolistic competition TOP: Monopolistic competition MSC: Definitional 5. A monopolistically competitive market is characterized by barriers to entry. ANS: F DIF: 1 REF: 16-1 NAT: Analytic LOC: Monopolistic competition TOP: Monopolistic competition MSC: Interpretive 6. Monopolistic competition is the only market structure that features many sellers. ANS: F DIF: 1 REF: 16-1 NAT: Analytic LOC: Monopolistic competition TOP: Markets MSC: Interpretive 7. Product differentiation always leads to some measure of market power. ANS: T DIF: 2 REF: 16-1 NAT: Analytic LOC: Monopolistic competition TOP: Demand curve MSC: Interpretive 8. Oligopoly is characterized by a few sellers offering similar products, whereas monopolistic competition is characterized by many sellers offering differentiated products. ANS: T DIF: 2 REF: 16-1 NAT: Analytic LOC: Monopolistic competition TOP: Monopolistic compet