1.The detergent market is an example of an industry in monopolistic competition. Although there are many sellers like in perfect competition, the types of products that each firm sells are: a) inexpensive B)efficiently produced c)differentiated D)identical 2.The demand curve as perceived by a monopolistic competitor is ____________. A)upward sloping B)downward sloping c)U-shaped D)flat 3.A market structure where only a few large firms dominate an industry is called: A)Monopolistic Competition B)Oligopoly C)Monopoly D)Perfect Competition 4.In many cases, governments allow electricity distribution firms to charge households based on costs incurred and a level of profit set by regulators. This type of regulation is called: A)regulatory capture B)antitrust laws C)cost-plus regulation D)price cap regulation
1.The detergent market is an example of an industry in monopolistic competition. Although there are many sellers like in perfect competition, the types of products that each firm sells are: a) inexpensive B)efficiently produced c)differentiated D)identical 2.The demand curve as perceived by a monopolistic competitor is ____________. A)upward sloping B)downward sloping c)U-shaped D)flat 3.A market structure where only a few large firms dominate an industry is called: A)Monopolistic Competition B)Oligopoly C)Monopoly D)Perfect Competition 4.In many cases, governments allow electricity distribution firms to charge households based on costs incurred and a level of profit set by regulators. This type of regulation is called: A)regulatory capture B)antitrust laws C)cost-plus regulation D)price cap regulation
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter10: Monopolistic Competition And Oligopoly
Section: Chapter Questions
Problem 11PAE
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Question
1.The detergent market is an example of an industry in
a) inexpensive
B)efficiently produced
c)differentiated
D)identical
2.The demand curve as perceived by a monopolistic competitor is ____________. A)upward sloping
B)downward sloping
c)U-shaped
D)flat
3.A market structure where only a few large firms dominate an industry is called:
A)Monopolistic Competition
B)Oligopoly
C)Monopoly
D)Perfect Competition
4.In many cases, governments allow electricity distribution firms to charge households based on costs incurred and a level of profit set by regulators. This type of regulation is called:
A)regulatory capture
B)antitrust laws
C)cost-plus regulation
D)price cap regulation
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