{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

sq__10 - Sample Quiz#10 Ec 201 Michigan State University...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Sample Quiz #10 Ec 201 Spring, 2009 Michigan State University L. Martin I. Multiple choice 1. Marginal revenue is less than price for a monopolist who cannot price discriminate because a. of diminishing returns; b. the firm is a price taker; c. in order to sell more the monopolist must lower price on all units;* d. of the prisoner’s dilemma; e. of asymmetric information. 2. When firms produce differentiated products and there is free entry, the market structure is called 3. In long run equilibrium in monopolistically competitive industries price equals
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern