The
key difference between a competitive firm and a monopoly firm is the
ability to select ( )
A: the level of competition in
the market.
B: the level of production.
C: inputs in the production
process.
D: the price of its output.
key difference between a competitive firm and a monopoly firm is the
ability to select ( )
A: the level of competition in
the market.
B: the level of production.
C: inputs in the production
process.
D: the price of its output.
举一反三
- When an oligarch alone chooses the level of production that maximizes profits. It Charges A: The price charged by a monopoly is greater than the price charged by a competitive market B: A price less than that charged by a monopoly and greater than that charged by a competitive market C: The price charged in a monopoly or competitive market D: Less than the price charged in a monopoly or competitive market.
- In<br/>which of the following case will a firm prefer the entry mode of a<br/>wholly owned foreign subsidiary? ( ) A: The<br/>firm has a high level of tacit knowledge B: The<br/>firm has a high level of performance certainty C: The<br/>firm has a low level of interdependence with its foreign partner D: The<br/>firm has a low level of confidence in international operation
- When an individual firm in a competitive market increases its production, it is likely that the market price will fall.
- For any given price, a firm in a competitive market will maximize<br/>profit by selecting the level of output at which price intersects the<br/>( ) A: average total cost curve. B: average variable cost curve. C: marginal cost curve. D: marginal revenue curve.
- Which<br/>of the following conditions does NOT describe a firm in a<br/>monopolistically competitive market? ( ) A: It<br/>makes a product different from its competitors. B: It<br/>takes its price as given by market conditions. C: It<br/>maximizes profit both in the short run and in the long run. D: It<br/>has the freedom to enter or exit in the long run.