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 34 out of 4 pointsIf 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
