Economics 01 Practice Final Exam - Economics 01 Practice...

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Economics 01 Practice Final Exam Fall 2011Professor K.C. FungMultiple Choice : Choose the best answer given.1. Compared with a monopolist, a perfectly competitive industry:a) Produces a smaller outputb) Charges a higher pricec) Typically earns economic profits even in the long rund)None of the above
2. With the kinked demand curve model of oligopoly:
3. If drivers decide to make phone calls without considering the costs imposed on others:
4. Country A is supposed to have a comparative advantage in producing good X if:

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Chapter 14 / Exercise 7
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Economics, partner, monopolistically competitive firm
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Principles of Economics
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Chapter 14 / Exercise 7
Principles of Economics
Mankiw
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