MicroEconomics Quiz 3 [ 100+ Quiz with Answers ]



Multiple Choice— Select the option that best completes the sentence or provides the answer to the question.
  1. Which of the following is a necessary condition for a monopoly to arise?

  2. A typical shop in Bavaria would offer about a hundred brands of local beer. The local beer industry in Bavaria would likely constitute:

  3. Creation of a trade union will typically lead to:

  4. Consider a small town build around a coal mine which is perfectly competitive in its product market and is the sole employer in the town. Suppose that employment is controlled by a trade union seeking to maximize the total wage bill of its members. Then wages will be determined by:

  5. Cournot oligopoly is characterized by:

  6. The net result of the Prisoner's Dilemma, when applied to a situation involving two oligopolists, is that

  7. A profit-maximizing monopolist practicing price discrimination will charge the lowest price in the market where demand

  8. A monopolist's marginal revenue curve lies below average revenue, because:

  9. Which of the following could constitute a case of strategic entry deterrence?

  10. Monopolistic competition differs from perfect competition in that:

Recommended Topics
Common Vs Preferred Stocks

Businesses that want to raise money by selling stock can choose between two types: common and preferred stock ...

Top 7 Reversal Candlesticks

Candlesticks are used to identify trading patterns that help technical analysts in setting up trades ...

Economics || Stocks || Crypto || Derivative

Test your knowldege on finance, stock market and investment. Examine yourself with various questions related to the finance ...

Entrepreneurship || Business || Trading

20+ Best Books on businesses, trading, investing, personal finance and ...

A weekly take on trading, finance, companies and other cool stuff...

Join over 27,000+ readers & receive an eclectic mix of topics covering Global Market Updates & Finance— delivered in a beautiful weekly email.
Multiple Choice Questions

Question x of y