Week 7 Quiz 6 - User Course Test Started Submitte d Status...

User
Course Econ Problems & Issues
Test Quiz 6
Started 11/9/15 8:05 PM
Submitte
d
11/9/15 9:42 PM
Status Completed
Attempt
Score
116 out of 120 points
Time
Elapsed
1 hour, 37 minutes out of 2 hours.
Instructio
ns
This quiz consist of 30 multiple choice questions. The first 15
questions cover the material in Chapter 8. The second 15
questions cover the material in Chapter 9. Be sure you are in the
correct Chapter when you take the quiz.
 Question 1
4 out of 4 points
With a natural monopoly,
 Question 2
4 out of 4 points
Imperfect competition can best be described as a situation in which
 Question 3
4 out of 4 points
If a firm sells 100 units at a price of $5 and each unit costs $3 to
produce, its total cost equals

 Question 4
4 out of 4 points
Concentration ratios are used to measure the