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Economics Practice Test 35

Between Monopoly and Perfect Competition Quiz PDF: Questions and Answers - 35

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Between Monopoly & Perfect Competition Questions and Answers PDF Download: Quiz 35

MCQ 171: A distinguishing feature of an oligopolistic industry is the tension between

A) corporation and self-interest
B) corporation and competition
C) self-interest and competition
D) self-interest and collusion

MCQ 172: The price of the good increases domestically and decreases in the rest of the world when an import tariff is being levied in a

A) small country
B) large country
C) developing country
D) under-developing country

MCQ 173: The supply curve shifts upward whenever a tax is imposed over a

A) buyer
B) seller
C) outsourcer
D) retailer

MCQ 174: A very well-known assumption to study the L.R effects of the policy, we assume prices are

A) variable
B) fixed
C) flexible
D) sticky

MCQ 175: If the marginal revenue exceeds the marginal cost of a firm, the firm should

A) decrease its input
B) decrease its output
C) increase its input
D) increase its output

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Between Monopoly & Perfect Competition App (Android & iOS)

Between Monopoly & Perfect Competition App (Android & iOS)

BBA Economics App (Android & iOS)

BBA Economics App (Android & iOS)

Cost Accounting App (Android & iOS)

Cost Accounting App (Android & iOS)

Marketing Principles App (Android & iOS)

Marketing Principles App (Android & iOS)