Q1. Which of the following is least likely a barrier to entry? A) Price controls. B) Resource controls. C) Economies of scale.
Q2. There are four main barriers to entry. Which of the following is least likely a barrier to entry? A) Patents. B) Economies of Scale. C) Allocative Efficiency.
Q3. Which of the following is NOT a barrier to entry? A) Few sellers. B) Economies of scale. C) Government licensing and legal barriers.
Q4. Which of the following most accurately describes the competitive structure that is characterized by a firm that operates with the lowest average total cost and has the capacity to produce all of an industry’s output? A) Natural monopoly. B) Competitive monopoly. C) Oligopoly.
Q5. Which one of the following is most likely to contribute to the presence of monopoly in an industry? A) Inefficiency attributable to bureaucratic decision-making procedures in the industry. B) Diseconomies of scale. C) Legal barriers to entry into the industry.
Q6. Which of the following most accurately describes a market structure that has one seller of a specific, well-defined product that has no good substitutes? A) Perfect competition. B) Monopoly. C) Oligopoly.
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发表于 2009-1-14 13:36
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