Microeconomics Exam 7 First Attempt - Part 1 of 2 Lesson 6 Questions 30.0 50.0 Points 0.0 2.5 Points Question 1 of 40 When a few firms sell similar

Microeconomics Exam 7 First Attempt - Part 1 of 2 Lesson 6...

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Part 1 of 2 - Lesson 6 Questions 30.0/ 50.0 Points Question 1 of 40 0.0/ 2.5 Points When a few firms sell similar products in a market, the market structure is most likely to be __________ . A. a perfectly competitive marketB. a monopolyC. a monopolistically competitive marketD. an oligopoly Question 2 of 40 2.5/ 2.5 Points When a second firm enters a monopolist's market __________ . Question 3 of 40 0.0/ 2.5 Points When a second firm enters a monopolist's market __________ . Question 4 of 40 2.5/ 2.5 Points Long-run equilibrium for a perfectly competitive industry occurs when __________ .
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Question 5 of 40 2.5/ 2.5 Points In which of the following market structures can you find differentiated products? A. monopolyB. perfect competitionC. oligopolyD. monopolistic competition and oligopoly Question 6 of 40 2.5/ 2.5 Points Suppose that there are five firms in a market, each controlling 20% of the market. The HHI would equal __________ . Question 7 of 40 2.5/ 2.5 Points Which of the following is NOT a barrier to entry for monopoly? Question 8 of 40 0.0/ 2.5 Points Which of the following is NOT a characteristic of a perfectly competitive market?
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Question 9 of 40 2.5/ 2.5 Points When there are just a few firms in an industry, the industry structure is most likely to be __________ . A. a perfectly competitive industryB. an oligopoly marketC. a monopoly marketD. a natural monopoly market Question 10 of 40 2.5/ 2.5 Points Which of the following would NOT be considered price discrimination? Question 11 of 40 2.5/ 2.5 Points
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