曼昆《经济学原理》（微观）第五版测试题库 (14).docVIP

PAGE 942 ? Chapter 14/Firms in Competitive Markets Chapter 14/Firms in Competitive Markets ? PAGE 941 PAGE 929 Chapter 14 Firms in Competitive Markets TRUE/FALSE 1. For a firm operating in a perfectly competitive industry, total revenue, marginal revenue, and average revenue are all equal. ANS: F DIF: 2 REF: 14-1 NAT: Analytic LOC: Perfect competition TOP: Average revenue | Marginal revenue MSC: Interpretive 2. For a firm operating in a perfectly competitive industry, marginal revenue and average revenue are equal. ANS: T DIF: 2 REF: 14-1 NAT: Analytic LOC: Perfect competition TOP: Average revenue | Marginal revenue MSC: Interpretive 3. If a firm notices that its average revenue equals the current market price, that firm must be participating in a competitive market. ANS: F DIF: 2 REF: 14-1 NAT: Analytic LOC: Perfect competition TOP: Average revenue MSC: Interpretive 4. A profit-maximizing firm in a competitive market will increase production when average revenue exceeds marginal cost. ANS: T DIF: 2 REF: 14-1 NAT: Analytic LOC: Perfect competition TOP: Average revenue MSC: Interpretive 5. Because there are many buyers and sellers in a perfectly competitive market, no one seller can influence the market price. ANS: T DIF: 1 REF: 14-1 NAT: Analytic LOC: Perfect competition TOP: Competitive markets MSC: Definitional 6. Firms operating in perfectly competitive markets try to maximize profits. ANS: T DIF: 2 REF: 14-1 NAT: Analytic LOC: Perfect competition TOP: Profit maximization MSC: Applicative 7. In competitive markets, firms that raise their prices are typically rewarded with larger profits. ANS: F DIF: 2 REF: 14-1 NAT: Analytic LOC: Perfect competition TOP: Competitive markets MSC: Interpretive 8. When an individual firm in a competitive market increases its production, it is likely that the market price will fall. ANS: F DIF: 2 REF: 14-1 NAT: Analytic LOC: Perfect competition TOP: Competitive markets MSC: Interpretive 9. In a competitiv