Q1. Under which type of market structure are the production and pricing alternatives of a firm most affected by the decisions of its competitors? A) Oligopoly. B) Monopolistic competition. C) Perfect competition.
Q2. Product differentiation is the greatest source of market power for which of the following market structures? A) Perfect competition. B) Oligopoly. C) Monopolistic competition.
Q3. An economic market characterized by a large number of independent firms all producing identical products is best described as: A) monopolistic competition. B) perfect competition. C) monopoly.
Q4. Characteristics of an oligopoly least likely include: A) identical products. B) interdependence among competitors. C) significant barriers to entry. | 
发表于 2008-12-31 10:35
| 
