A: A single firm has all of the market power.
B: Several firms have market power and there is free entry and exit.
C: Several firms have market power and there are barriers to entry.
D: Several firms take the price as given and there is free entry and exit.
举一反三
- In perfect competition, ________. A: there are restrictions on entry into the market B: firms in the market have advantages over firms that plan to enter the market C: only firms know their competitors' prices D: there are many firms that sell identical products
- Which of the following characteristics is common to monopolistic competition and perfect competition? A: Firms produce identical products. B: Entry barriers into the industry are low. C: Each firm faces a downward-sloping demand curve. D: Firms take market prices as given.
- Which of the following statements is most accurate regarding the characteristics of a perfectly competitive market A: Firms" products are different. B: The competitors never earn economic profits. C: Barriers to entry into the market are nonexistent.
- Which of the following is not characteristic of a monopolistic competitive market ？ A: There are many heads out there. B: Something different. C: Long-term economic profit. D: Free Entry and exit.
- In monopolistically competitive markets, free entry and exit suggests that A: the market structure will eventually be characterized by perfect competition in the long run. B: all firms earn zero economic profits in the long run. C: some firms will be able to earn economic profits in the long run. D: some firms will be forced to incur economic losses in the long run.
内容
- 0
The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is:
- 1
In a market with a dominant firm， it makes sense to assume that （ ）。 A: the fringe firms will set the industry price and the dominant firm will take that price as given. B: none of the above C: the dominant firm will set the industry price and the fringe firms will take that price as given. D: the dominant firm will set the industry price and the fringe firms will also make their price.
- 2
A firm has market power if it can
- 3
What is the defining characteristic of imperfect competition?() A: The<br/>firms are subject to government regulation. B: The<br/>firms have some degree of market power. C: The<br/>firms choose to collude. D: The<br/>firms act like a cartel.
- 4
Copyrights and patents are examples of barriers to entry that give firms monopoly pricing powers.