A market with one seller, considerable influence over price, high barriers to entry, a homogeneous product, and non-price competition to allow for price discrimination is known as
A. perfect competition.
B. monopolistic competition.
C. oligopoly.
D. monopoly.
Answer: D
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The price of a good will tend to rise when
a. there is excess demand for the good. b. there is excess supply of the good. c. demand for the good decreases. d. the supply of the good increases.
If "too much choice" is a problem for consumers, it would occur in which market structure(s)?
a. perfect competition b. monopoly c. monopolistic competition d. perfect competition and monopolistic competition
The better the information provided to financial markets the:
A. greater will be the flow of funds in these markets. B. greater the amount of funds transferred between savers and borrowers, though risk increases. C. higher the return required by lenders. D. less the amount of funds transferred between savers and borrowers.
In the derivation of TVC, you
A. subtract the amount of the vertical intercept of the TC down from the TC at each quantity. B. move the TC to the right a fixed distance. C. the minimum-slope ray out of the origin to the TC. D. the vertical intercept of the TC and draw a horizontal line.