25.01.2020_MBA 12 SEC A_ME_QUIZ-3_ Attempt review.pdf - 25.01.2020_MBA 12 SEC A_ME_QUIZ-3 Attempt review Dashboard My courses mba12a General

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2/16/2020 25.01.2020_MBA 12 SEC A_ME_QUIZ-3: Attempt review 10.80.252.176/mod/quiz/review.php?attempt=2138&cmid=28 1/5 Dashboard / My courses / mba12a / General / 25.01.2020_MBA 12 SEC A_ME_QUIZ-3 Question 1 Correct Mark 1.00 out of 1.00 Question 2 Correct Mark 1.00 out of 1.00 Question 3 Correct Mark 1.00 out of 1.00 Started on Saturday, 25 January 2020, 11:21 AM State Finished Completed on Saturday, 25 January 2020, 11:26 AM Time taken 5 mins 11 secs Grade 15.00 out of 15.00 ( 100 %) Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the firm is the monopsony buyer of labor in the market. If the price of coal increases, then the firmʹs quantity of labor demanded __________. Select one: a. decreases b. increases c. remains the same d. insufficient information The correct answer is: increases McDonaldʹs restaurant located near the high school offered a Tuesday special for high school students. If high school students showed their student ID cards, they would be given 50 cents off any medium combination meal. This practice is an example of: Select one: a. collusion b. price discrimination c. two-part tariff d. bundling e. tying The correct answer is: price discrimination Which of the following is NOT true regarding monopoly? Select one: a. Monopoly is the sole producer in the market b. Monopoly price is determined from the demand curve. c. Monopolist can charge as high a price as it likes d. Monopoly demand curve is downward sloping The correct answer is: Monopolist can charge as high a price as it likes
2/16/2020 25.01.2020_MBA 12 SEC A_ME_QUIZ-3: Attempt review 10.80.252.176/mod/quiz/review.php?attempt=2138&cmid=28 2/5 Question 4 Correct Mark 1.00 out of

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