Introductıon to Economıcs I (ENG)
Ünite Sınavı Soruları
- 10 soru
- Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
- 1
- High prices,
- Low consumer surplus,
- Deadweight loss
- Easy to form a cartel
Which of the following markets would have the features given above?
- 2
i- The monopolist’s marginal revenue is less than its price.
ii-The monopolist’s marginal revenue is greater than its price.
iii-The monopolist’s marginal revenue equals to its price.
iv-The monopolist’s average revenue equals to its price.
v-The monopolist’s average revenue is less than its price.
vi-The monopolist’s average revenue is greater than its price.
What is the relation between monopoly’s price, monopoly’s marginal revenue and monopoly’s average revenue. Choose the true relations from listed statements above.
- 3
How is the market structure with few firms called?
- 4
Many industries fall somewhere between the polar cases of perfect competition and monopoly. Economists call this situation ----------------.
Fill in the blank with a suitable answer.
- 5
------------- is an agreement among firms to charge the same price or decide on quantities in cooperation with each other.
Fill in the blank with a convenient answer.
- 6
Which of the following statement is false about a monopoly or a monopolist's actions?
- 7
What is the study of how people/firms/countries make decisions in situations in which attaining their goals depends on their interactions with others.
- 8
Which of the following is the most important difference between monopoly and perfect competition markets in terms of freedom?
- 9
Which of the following is true for a monopoly firm?
- 10
There are 2 firms in the market. They both are producing computers. They are going to meet in the market only once and never again. They both are planning to make advertising appropriation and the numbers in cells are showing the profit each firm will receive when they make intensive (high) advertising campaign or less intensive advertising campaign (low). In the cells outcomes on the right are belong to firm B and outcomes on the left are belong to firm
According to the information and table above which of the following could be best response strategy for both firms?