题目内容

[单选]A monopoly market is characterized by

A. many buyers and sellers.
B. “natural” products.
C. barriers to entry.
D. a Nash equilibrium.

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[单选]Which of the following would be most likely to have monopoly power?

A. a national florist
B. an online bookstore
C. a local restaurant
D. a local electrical cooperative

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[单选]When a monopolist decreases the price of its good, consumers

A. continue to buy the same amount.
B. buy more.
C. buy less.
D. may buy more or less, depending on the price elasticity of demand.

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[单选]A monopolist's average revenue is always

A. equal to marginal revenue.
B. greater than the price of its product.
C. equal to the price of its product.
D. less than the price of its product.

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[单选]For a monopolist, when does marginal revenue exceed average revenue?

A. never
B. when output is less than the profit-maximizing level of output
C. when output is greater than the profit-maximizing level of output
D. for all levels of output greater than zero

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[单选]A monopoly market is characterized by

A. many buyers and sellers. B. “natural” products. C. barriers to entry. D. a Nash equilibrium.

[单选]Which of the following would be most likely to have monopoly power?

[单选]When a monopolist decreases the price of its good, consumers

[单选]A monopolist's average revenue is always

[单选]For a monopolist, when does marginal revenue exceed average revenue?

A. many buyers and sellers.
B. “natural” products.
C. barriers to entry.
D. a Nash equilibrium.