Week 6 quiz

Week 6 quiz - age total cost wou ld be high er, but outp ut...

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Week 6 quiz 1. In comparing the demand curve of a pure monopolist with that of a monopolistically competitive firm, we would expect the monopolistic: a. Generally more elastic demand curve 2. The kinked-demand curve of oligopoly is useful in explaining: a. why oligopolistic prices might change only infrequently 13. Comparing a pure monopoly and a purely competitive firm with identical costs, we would find in long-run equilibrium that the pure monopolist's: B. pric e and aver
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Unformatted text preview: age total cost wou ld be high er, but outp ut wou ld be low er. 3. Which of the following is not a precondition for price discrimination: a. The commodity involved must be a durable good 4. Barriers to entry in oligopolistic industries may consist of: a. Ownership of essential resources 5. Suppose that a pure monopolist can sell 10 units of output at $5 per unit and 11 units at $4.90 per unit. The marginal revenue of the eleventh unit is: A. $3.90....
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This note was uploaded on 04/15/2010 for the course ECO 2252 taught by Professor Edward during the Spring '08 term at Troy.

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Week 6 quiz - age total cost wou ld be high er, but outp ut...

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