经济学原理对应练习16Word格式文档下载.doc
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经济学原理对应练习16Word格式文档下载.doc
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profits.
d. therearemanyprice-takingfirms,eachofferingaproductsimilaroridenticaltotheproductsofferedbyotherfirmsinthemarket.
ANS:
A PTS:
1 DIF:
1 REF:
16-1
TOP:
Oligopoly MSC:
Definitional
2. Thegeneraltermformarketstructuresthatfallsomewherein-betweenmonopolyandperfectcompetitionis
a. incompletemarkets.
b. imperfectlycompetitivemarkets.
c. oligopolymarkets.
d. monopolisticallycompetitivemarkets.
B PTS:
Imperfectcompetition MSC:
3. Inamarketthatischaracterizedbyimperfectcompetition,
a. firmsarepricetakers.
b. therearealwaysalargenumberoffirms.
c. thereareatleastafewfirmsthatcompetewithoneanother.
d. theactionsofonefirminthemarketneverhaveanyimpactontheotherfirms'
C PTS:
2 REF:
Interpretive
4. Therearetwotypesofimperfectlycompetitivemarkets:
a. monopolyandmonopolisticcompetition.
b. monopolyandoligopoly.
c. monopolisticcompetitionandoligopoly.
d. monopolisticcompetitionandcartels.
5. Monopolisticallycompetitivefirmsaretypicallycharacterizedby
a. manyfirmssellingproductsthataresimilar,butnotidentical.
b. manyfirmssellingidenticalproducts.
c. afewfirmssellingproductsthataresimilar,butnotidentical.
d. afewfirmssellinghighlydifferentproducts.
Monopolisticcompetition MSC:
6. Firmsinindustriesthathavecompetitorsbut,atthesametime,donotfacesomuchcompetitionthattheyarepricetakers,areoperatingineithera(n)
a. oligopolyorperfectlycompetitivemarket.
b. oligopolyormonopolymarket.
c. oligopolyormonopolisticallycompetitivemarket.
d. monopolyormonopolisticallycompetitivemarket.
Markets MSC:
7. Onecharacteristicofanoligopolymarketstructureis:
a. firmsintheindustryaretypicallycharacterizedbyverydiverseproductlines.
b. firmsintheindustryhavesomedegreeofmarketpower.
c. productstypicallysellatapricethatreflectstheirmarginalcostofproduction.
d. theactionsofonesellerhavenoimpactontheprofitabilityofothersellers.
8. Onekeydifferencebetweenanoligopolymarketandacompetitivemarketisthatoligopolisticfirms
a. arepricetakerswhilecompetitivefirmsarenot.
b. canaffecttheprofitofotherfirmsinthemarketbythechoicestheymakewhilefirmsincompetitivemarketsdonotaffecteachotherbythechoicestheymake.
c. sellcompletelyunrelatedproductswhilecompetitivefirmsdonot.
d. selltheirproductatapriceequaltomarginalcostwhilecompetitivefirmsdonot.
9. AtypicalfirmintheU.S.economywouldbeclassifiedas
a. perfectlycompetitive.
b. imperfectlycompetitive.
c. aduopolist.
d. anoligopolist.
10. Whenanindustryhasmanyfirms,theindustryis
a. anoligopolyifthefirmsselldifferentiatedproducts,butitismonopolisticallycompetitiveifthefirmssellidenticalproducts.
b. anoligopolyifthefirmsselldifferentiatedproducts,butitisperfectlycompetitiveifthefirmssellidenticalproducts.
c. monopolisticallycompetitiveifthefirmsselldifferentiatedproducts,butitisperfectlycompetitiveifthefirmssellidenticalproducts.
d. perfectlycompetitiveifthefirmsselldifferentiatedproducts,butitismonopolisticallycompetitiveifthefirmssellidenticalproducts.
11. CrudeoilisprimarilysuppliedtotheworldmarketbyafewMiddleEasterncountries.Suchamarketisanexampleofa(n)
(i) imperfectlycompetitivemarket.
(ii) monopolymarket.
(iii) oligopolymarket.
a. (i)and(ii)
b. (ii)and(iii)
c. (i)and(iii)
d. (iii)only
12. If,inaparticularmarket,firmssellidenticalproducts,thenthemarketis
(i) perfectlycompetitive.
(ii) monopolisticallycompetitive.
(iii) anoligopoly.
a. (i)or(ii)
b. (ii)or(iii)
c. (i)or(iii)
d. (i)only
13. Inwhichofthefollowingmarketsiseconomicprofitdriventozerointhelongrun?
a. Oligopoly
b. Monopoly
c
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