Q6. Which one of the following structures is characterized by free entry and exit, a differentiated product, and price searcher behavior?
A) Oligopoly. B) Pure competition. C) Monopolistic competition.
Q7. Which one of the following is NOT a characteristic of monopolistic competition?
A) A single seller. B) Low barriers to entry and exit. C) Differentiated products.
Q8. Characteristics of monopolistic competition include all of the following EXCEPT: A) high barriers to entry. B) large numbers of independent sellers. C) differentiated products.
Q9. An oligopolistic firm: A) will consider the potential response of its rivals when making business decisions. B) is likely to be formed when the minimum-cost output is only a small portion of the market output. C) will seldom use product quality as a competitive weapon.
Q10. An oligopolistic industry does NOT have:
A) high barriers to entry. B) many sellers. C) large economies of scale.
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发表于 2009-1-14 14:18
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