题目内容

[单选]In monopolistically competitive markets, positive economic profits

A. suggest that some existing firms will exit the market.
B. suggest that new firms will enter the market.
C. are sustained through government-imposed barriers to entry.
D. are never possible.

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[单选]Under which of the following market structures would consumers likely pay the highest price for a product?

A. perfect competition
B. monopolistic competition
C. oligopoly
D. monopoly

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[单选]Which of the following goods are not likely to be sold in monopolistically competitive markets?

A. jeans
B. books
C. tap water
D. clocks

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[单选]Because monopolistically competitive firms produce differentiated products, each firm

A. faces a demand curve that is horizontal.
B. faces a demand curve that is vertical.
C. has no control over product price.
D. has some control over product price.

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[单选]When quality cannot be easily judged in advance, what provides consumers with information about the quality of a product?

A. a brand name
B. a tie-in
C. the quantity available for sale
D. the amount of deadweight loss

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[单选]In monopolistically competitive markets, positive economic profits

A. suggest that some existing firms will exit the market. B. suggest that new firms will enter the market. C. are sustained through government-imposed barriers to entry. D. are never possible.

[单选]Under which of the following market structures would consumers likely pay the highest price for a product?

[单选]Which of the following goods are not likely to be sold in monopolistically competitive markets?

[单选]Because monopolistically competitive firms produce differentiated products, each firm

[单选]When quality cannot be easily judged in advance, what provides consumers with information about the quality of a product?

A. suggest that some existing firms will exit the market.
B. suggest that new firms will enter the market.
C. are sustained through government-imposed barriers to entry.
D. are never possible.