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标准文档
Chapter13
FirmsinCompetitiveMarkets
MULTIPLECHOICE
Amarketiscompetitiveif
firmshavetheflexibilitytopricetheirownproduct.
eachbuyerissmallcomparedtothemarket.
eachsellerissmallcomparedtothemarket.
(i)and(ii)only
(i)and(iii)only
(ii)and(iii)only
Alloftheabovearecorrect.ANSWER:c. (ii)and(iii)onlyTYPE:MDIFFICULTY:2SECTION:14.1
Whenafirmhaslittleabilitytoinfluencemarketpricesitissaidtobeinwhatkindofamarket?
acompetitivemarket
astrategicmarket
athinmarket
apowermarket
ANSWER:a. acompetitivemarketTYPE:MDIFFICULTY:1SECTION:14.1
Inacompetitivemarket,theactionsofanysinglebuyerorsellerwill
haveanegligibleimpactonthemarketprice.
havelittleeffectonoverallproductionbutwillultimatelychangefinalproductprice.
causeanoticeablechangeinoverallproductionandachangeinfinalproductprice.
adverselyaffecttheprofitabilityofmorethanonefirminthemarket.ANSWER:a. haveanegligibleimpactonthemarketprice.
TYPE:MDIFFICULTY:2SECTION:14.1
Usetheinformationinthetablebelowtoanswerquestions4through7.
Quantity
Price
1
13
2
13
3
13
4
13
5
13
6
13
7
13
8
13
9
13
Thepriceandquantityrelationshipinthetableismostlikelythatfacedbyafirmina
monopoly.
concentratedmarket.
competitivemarket.
strategicmarket.
ANSWER:c. competitivemarket.TYPE:MDIFFICULTY:1SECTION:14.1
实用文案
PAGE
PAGE406?Chapter14/FirmsinCompetitiveMarkets
Chapter14/FirmsinCompetitiveMarkets
Chapter14/FirmsinCompetitiveMarkets?PAGE407
Overwhichrangeofoutputisaveragerevenueequaltoprice?
1to5
3to7
5to9
Averagerevenueisequaltopriceoverthewholerangeofoutput.ANSWER:d. Averagerevenueisequaltopriceoverthewholerangeofoutput.TYPE:MDIFFICULTY:1SECTION:14.1
Overwhatrangeofoutputismarginalrevenuedeclining?
1to6
3to7
7to9
None;marginalrevenueisconstantoverthewholerangeof
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