章垄断quiz 15 with answer测验及答案.pdfVIP

Chapter15Monopoly

1.2.3.4.5.6.7.8.9.10.___

11.12.13.14.15.16.17.18.19.20.___

1.Monopoliesusetheirmarketpowerto(c)

a.chargepricesthatequalminimumaveragetotalcost.

b.attainnormalprofitsinthelongrun.

c.restrictoutputandincreaseprice.

d.dumpexcesssoftheirproductonthemarket.

2.Ifgovernmentofficialsbreakanaturalmonopolyupintoseveralsmallerfirms,then

(c)

a.competitionwillforcefirmstoattaineconomicprofitsratherthanaccounting

profits.

b.competitionwillforcefirmstoproducesurplusoutput,whichdrivesupprice.

c.theaveragecostsofproductionwillincrease.

d.theaveragecostsofproductionwilldecrease.

3.Sizableeconomicprofitscanpersistovertimeundermonopolyifthemonopolist

(b)

a.producesthatoutputwhereaveragetotalcostisataum.

b.isprotectedbybarrierstoentry.

c.operatesasapricetakerratherthanapricemaker.

d.realizesrevenuesthatexceedvariablecosts.

4.Mostmarketsarenotmonopoliesintherealworldbecause(d)

a.firmsusuallyfacedownward-slopingdemandcurves.

b.supplycurvesslopeupward.

c.priceisusuallysetequaltomarginalcostbyfirms.

d.therearereasonablesubstitutesformostgoods.

Considerthefollowingdemanda