Ünite Sınavı Soruları

i- Many producers are in the market.

ii- Only one producer is in the market.

iii-Producers are price setters.

iv- Producers are price takers.

v-Producers can choose any quantity on the demand curve.

vi-Producers can’t choose price on the demand curve.

Choose the characteristics of monopolistic market structure from listed statements above.

Which of the following is a mutual assumption for both monopolistically competitive and perfectly competitive markets?

One of the choices below is the opposite of ‘uniform pricing’. Which is the correct answer?

What is the situation in which each firm chooses the best response strategy given the strategies chosen by other firms?

What is the most important source of power of oligopolist for influencing the market price?

How do monopolies make output and pricing decisions?

What is the competition type where there are many firms selling products that are similar but not identical?

‘When firms act independently and compete, they lose; but consumers and society as a whole gain, since price is …., total quantity is …., and deadweight loss is …..’

 Which of the following fills the gaps in the given sentence most appropriately?

‘When a monopoly increases production by one unit, it must reduce the price it charges for every unit it sells, and this cut in price reduces the revenue on the units it was already selling.’ which of  the following is a consequence of this statement?

i- Imperfect competition in the market

ii-Perfect competition in the market

iii-Many firms in the market

iv- Few firms in the market

v-Homogeneous products

vi-One firm in the market

vii-Differentiated products

Choose the characteristics of monopolistic competition market structure from listed statements above.

Which of the following is an entry barrier for new firms in a monopoly market?

‘Compared to a perfectly competitive market, a monopoly produces … than the socially efficient quantity of output and charges a relatively … price, hence creates a deadweight loss.’

Which of the following fills the gaps in the given sentence most appropriately?

Which is the correct explanation of Oligopoly?

Which of the following gives the level of output that maximizes profits for a monopolist? (MR= Marginal revenue; MC= Marginal cost; P= Price)

Which of the following is a possible outcome in an oligopoly?

When consumers perceive a product as a unique product without perfect substitutes, what type of demand curve its producer faces?

Which of the following gives long-run profit of the monopolistically competitive firm?

What is the reason for emerging of a natural monopoly?

Which of the below is the definition of and agreement among firms to charge the same price or decide on quantities in cooperation with each other?

i-Monopoly

ii-Oligopoly

iii-Monopolistic competition

iv-Perfect competition

Choose the extreme forms of market structure from the listed markets above.