Microeconomics Quiz
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does a monopoly firm do to avoid deadweight loss?

  • Participate in oligopoly markets
  • Implement negative externalities in production
  • Increase advertisement spending
  • Engage in price discrimination (correct)
  • What is the method to achieve efficient use of common resources?

  • Subsidies
  • Property rights (correct)
  • Taxes
  • Marketable permits
  • What is the term for a cost that arises from production and falls on someone other than the producer?

  • Monopoly
  • Oligopoly
  • Implicit cost
  • Negative externality (correct)
  • In which market structure does the number of firms increase and the market looks more like a competitive market?

    <p>Oligopoly</p> Signup and view all the answers

    How do monopoly firms behave in terms of setting prices?

    <p>They do not have a supply curve</p> Signup and view all the answers

    More Like This

    Microeconomics Quiz
    10 questions
    Microeconomics Quiz on Production and Cost
    18 questions
    Microeconomics Quiz
    48 questions

    Microeconomics Quiz

    AccessibleZircon371 avatar
    AccessibleZircon371
    Use Quizgecko on...
    Browser
    Browser