Student response percent value correct response

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Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. firms can sell all the output
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they wish without affecting the price. 100.0% b. firms face a downward- sloping demand curve. Firms in monopolistic ally competitive industries produce differentiated products, so each firm has some monopoly power. This power implies that each firm faces a downward sloping demand curve. 0.0% c. firms have no monopoly power. 0.0% d. a single seller serves the market. Score:4 / 4 Question 8 (4 points) In September 2004 authorities seized counterfeit computer software and documentation with a retail value of more than $30 million. Many of the illegal copies were of Microsoft products. This incident illustrates that the market for Microsoft software can not be considered a competitive market because: Student response: Percent Value Correct Response Student Response Answer Choices 0.0%
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0.0% 0.0% 100.0% Score:0 / 4 Question 9 (4 points) An industry that has many sellers offering slightly differentiated products is called: Student response: Percent Value Correct Response Student Response Answer Choices 0.0% 100.0%
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0.0% 0.0% Score:4 / 4 Question 10 (4 points) Game theory is best described as: Student response: Percent Value Correct Response Student Response Answer Choices 0.0% 100.0% 0.0% 0.0%
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Score:4 / 4 Question 11 (4 points) A monopolist: Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. earns a profit in the short run and the long run. 0.0% b. earns a profit in the short run but not the long run. 100.0% c. can earn profits or incur losses in the short run. Monopolists can earn profits or incur losses in the short run depending on the relationship between average total cost and price. 0.0% d. can never incur losses. Score:4 / 4
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Christopher Reinemann
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