Quiz_151 - 39 ,its A B C D margi

  • New York University
  • MICRO 14
  • Test Prep
  • a133256
  • 4
  • 92% (13) 12 out of 13 people found this document helpful

This preview shows page 1 - 2 out of 4 pages.

39) If the OpenTable Website was a natural monopoly, itsA) average total cost curve would still be declining when it crossed the demand curve.B) marginal cost curve would still be declining when it crossed the demand curve.C) marginal revenue curve wold be the same as its demand curve.D) marginal revenue curve would be horizontal.Answer: A
39)
Diff: 2Page Ref: 494-495/494-495Topic: Natural MonopolyLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking40) If the OpenTable Website was a natural monopoly, dividing the business equally between twofirms that each supplied the same number of online reservations would
40)
Diff: 2Page Ref: 494-495/494-495Topic: Natural MonopolyLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective ThinkingTRUE/FALSE. WriteʹTʹif the statement is true andʹFʹif the statement is false.41) Network externalities refer to the situation where the usefulness of a product increases with thenumber of consumers who use it.41)
Diff: 1Page Ref: 492/492Topic: Network ExternalitiesLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking42) A public franchise gives the exclusive right to produce a product for 20 years from the date theproduct is invented.42)Answer:
Diff: 1Page Ref: 491/491Topic: Barriers to EntryLearning Outcome: Micro 5: List ways in which governments intervene in markets and explain theconsequences of such interventionAACSB: Reflective Thinking43) A virtuous cycle refers to the development of new products that follows when a monopoly earnseconomic profits.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture