Economics - Monopoly
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This is the MCQs of Economics
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Question 1 of 37
1. Question
X inefficiency occurs when:
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Question 2 of 37
2. Question
The marginal revenue curve in monopoly:
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Question 3 of 37
3. Question
In monopoly when abnormal profits are made:
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Question 4 of 37
4. Question
In monopoly in long run equilibrium
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Question 5 of 37
5. Question
Barriers to entry do not include
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Question 6 of 37
6. Question
In a monopoly which of the following is not true:
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Question 7 of 37
7. Question
In monopoly which of the following is true?
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Question 8 of 37
8. Question
According to Schumpeter:
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Question 9 of 37
9. Question
A welfare loss occurs in monopoly where
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Question 10 of 37
10. Question
In the UK the government:
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Question 11 of 37
11. Question
Which of the following is not a barrier to entry in a monopolized market?
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Question 12 of 37
12. Question
A firm whose average total cost continually declines at least to the quantity that could supply the entire market is known as a
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Question 13 of 37
13. Question
When a monopolist produces an additional unit, the marginal revenue generated by that unit must be:
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Question 14 of 37
14. Question
A monopolist maximizes profit by producing the quantity at which
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Question 15 of 37
15. Question
Which of the following statements about price and marginal cost in competitive and monopolized markets is true?
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Question 16 of 37
16. Question
Thomas is a monopolist in the production of your textbook because:
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Question 17 of 37
17. Question
Refer to Exhibit 4. The profit-maximizing monopolist will choose the price and quantity represented by point
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Question 18 of 37
18. Question
Refer to Exhibit 4. The efficient price and quantity are represent by point
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Question 19 of 37
19. Question
The inefficiency associated with monopoly is due to
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Question 20 of 37
20. Question
Compared to a perfectly competitive market a monopoly market will usually generate
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Question 21 of 37
21. Question
The monopolist’s supply curve
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Question 22 of 37
22. Question
Using government regulations to force a natural monopoly to charge a price equal to his marginal cost will:
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Question 23 of 37
23. Question
The purpose of antitrust (also known as competition) laws is to
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Question 24 of 37
24. Question
Public ownership of natural monopolies:
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Question 25 of 37
25. Question
Which of the follow statements about price discrimination is not true?
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Question 26 of 37
26. Question
If regulators break up a natural monopoly into many smaller firms, the cost of production
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Question 27 of 37
27. Question
A monopoly is able to continue to generate economic profits in the long run because
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Question 28 of 37
28. Question
If a marginal revenue exceeds marginal cost, a monopolists should
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Question 29 of 37
29. Question
Which of the following is a characteristic of pure monopoly?
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Question 30 of 37
30. Question
In pure monopoly, what is the relation between the price and the marginal revenue?
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Question 31 of 37
31. Question
In order to maximize profits, a monopoly company will produce that quantity at which the:
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Question 32 of 37
32. Question
Quantity price Total Cost
1. $100$ 60
2. 95 130
3. 90 210
4. 85 300
5. 80 400
This monopolist should produce:Correct
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Question 33 of 37
33. Question
Compared to the case of perfect competition, a monopolist is more likely to:
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Question 34 of 37
34. Question
Which of the following is necessary for a natural monopoly?
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Question 35 of 37
35. Question
Which of the following best defines price discrimination?
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Question 36 of 37
36. Question
In order to practice price discrimination which of the following is needed?
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Question 37 of 37
37. Question
In price discrimination, which section of the market is charged the higher price?
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