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.
Q7. Which of the following statements about monopolies is most accurate? A) A monopolist's optimal production quantity is at the point where marginal revenue equals marginal cost. B) Monopolists charge the highest possible price. C) A monopoly structure is characterized by a well-defined product for which there are no good complements.
Q8. Which of the following situations is least likely to lead to high barriers to entry and monopoly supply? A) Natural resources are spread among many firms. B) Economies of scale are present. C) Governmental licensing and regulations are present.
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发表于 2009-1-6 13:57
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