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Perfect Competition Multiple Choice Questions and Answers 3 PDF Download

Perfect Competition Multiple Choice Questions and Answers (MCQs), perfect competition quiz answers PDF, MBA test prep 3 for online MBA degree programs.

"A price- and quantity-fixing accord is well-known as" Multiple Choice Questions (MCQ) on perfect competition with choices price leadership, price concentration, collusion, and game theory to study online certification courses. Practice jobs' assessment test, online learning collusion quiz questions for least expensive online MBA programs.

MCQs on Perfect Competition Quiz 3 PDF Download eBook

MCQ: A price- and quantity-fixing accord is well-known as

  1. price concentration
  2. price leadership
  3. collusion
  4. game theory

C

MCQ: In monopolistic competition, companies attain some level of market power

  1. by producing differentiated products.
  2. because of barriers to exit from industry.
  3. because of barriers to entry into industry.
  4. by virtue of size alone.

A

MCQ: Markets such that no contributors are great adequate to have market authority to put prices of a uniform product are

  1. factors of production
  2. perfect competition
  3. pure competition
  4. b & c

D

MCQ: All customers and manufacturers are supposed to have ideal knowledge of price, usefulness, worth and manufacturing ways of products are

  1. perfect utility
  2. less information
  3. perfect information
  4. imperfect information

C

MCQ: In distinguish to a monopoly or oligopoly, it is impractical for a company in perfect competition to produce economic profit in the

  1. short run
  2. year
  3. a&b
  4. long run

D