Economic MCQ

Jun 27th, 2016
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Question Question 1 A frozen food company buys a fresh food company. This takeover is an example of: vertical integration horizontal integration cointegration conglomerate integration Question 2 Which of the following is true? A monopolist produces on the inelastic portion of its demand A monopolist always earns an economic profit The more inelastic the demand, the closer marginal revenue is to price In the short run, a monopoly will shut down if P < AVC Question 3 A firm has a marginal cost of $20 and charges a price of $40. The Lerner index for this firm is 0.20 0.50 0.33 0.75 Question 4 Which of the following is an example of monopoly? Shoe industry in the United States Local utility industry in a small town Newspaper industry in New York City Bread industry in New York City Question 5 The recipe that defines the maximum amount of output that can be produced with K units of capital and L units of labor is the: Production function. Technological constraint.

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Economic MCQQuestionQuestion 1A frozen food company buys a fresh food company. This takeover is an example of:vertical integrationhorizontal integrationcointegrationconglomerate integrationQuestion 2Which of the following is true?A monopolist produces on the inelastic portion of its demandA monopolist always earns an economic profitThe more inelastic the demand, the closer marginal revenue is to priceIn the short run, a monopoly will shut down if P < AVCQuestion 3A firm has a marginal cost of $20 and charges a price of $40. The Lerner index for this firm is0.200.500.330.75Question 4Which of the following is an example of monopoly?Shoe industry in the United StatesLocal utility industry in a small townNewspaper industry in New York CityBread industry in New York CityQuestion 5The recipe that defines the maximum amount of output that can be produced with K units ofcapital and L units of labor is the:Production function.Technological constraint.Research and development schedule.Total productQuestion 6Which of the following is NOT a measure of market structure?Entry conditionsFour-firm concentration ratioHerfindahl-Hirschman indexPricing behaviorQuestion 7An electronics company takes over one of its original suppliers in a merger. This is an exampleof:vertical integrationhorizontal integrationcointegrationconglomerate integrationQuestion 8Pricing is an aspect of a firm's:performancestructureconductenvironmentQuestion 9The fea

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