I need correct answers please
QUESTION 3
Check each of the following that apply to oligopolies.?
MR curve will break into two segments because of the kinked demand curve
firms will be assured of frequent price changes and increased competition in order to make an expected return
Firms that require a large capital investment benefit
there is neither government control nor efficiency
QUESTION 4
Check all the following that are true ?
.Oligopolies have a perfectly elastic demand curve
Oligopolies have an elastic demand above the prevailing price
Oligopolies have an inelastic demand below the prevailing price
the prevailing oligopoly price is at the intersection of the elastic and inelastic portions of the kinked demand curve
QUESTION 9
Check each of the following that are characteristics of monopolies.?
P = AR = MR = D
economies of scale
ownership of essential
resourcesselling an identical product
legal and other barriers to entry
price takers
price setters
QUESTION 11
Check all of the following that determine the elasticity of demand for monopolistic producers?
.the incomes of consumers
demand for the unique products sold by monopolies
the number of competing firms selling similar products
customer perception of the similarity or uniqueness for the product or service.
QUESTION 12
Check each of the following that characterizes oligopolies.?
ownership of raw materials by one firm
government restrictions may exist on the number of producers
advertising is not important
economies of scale restrict the number of producers
unique products
ownership of raw materials by a few firms
QUESTION 17
Check all of the following that apply to oligopolies?
.with an inelastic demand and a price decrease, total revenue will decline.
the demand curve is inelastic above the prevailing price because other firms do not follow the price increase and buyers purchase from the lower-priced competitors
firm that raises its price above the prevailing price has a decrease in total revenue
the demand below the prevailing price is inelastic because firms will be forced to follow a price decrease and therefore, no single firm will benefit from lower prices.
QUESTION 32
Check each of the following that may exist in oligopolies and monopolistic competition when compared to pure competition.?
increased efficiency
higher costs
less efficiency
more output than pure competition
lower output than pure competition
lower costs to consumers
QUESTION 34
Check each of the following that may lead to unfair competition within monopoly?
.dumping
economies of being established
reciprocation agreements
ownership of essential resources
QUESTION 42
Check each of the following that describe Monopolistic Competition?
.identical products
product differentiation
non-price competition
significant barriers to entry and exit
a small (handfull) of competing firms
many firms competing
price taking
QUESTION 43
Check each of the following that results in higher costs for monopolistic competitors?
.more customer services
a unique atmosphere
varied consumer choices
QUESTION 46
Which of the 4 market structures have at least some market power? (check all that apply)
pure competition
monopolistic competition
oligopoly
monopoly
QUESTION 47
Farming products often fit into which of the 4 market structures?
Monopoly
Monopolistic competition
oligopoly
Pure competition
QUESTION 50
(Check each of the correct answers) Game theory suggests that firms in oligopoly:?
would resist offering a low price because other firms would match the price and their advantage would no longer exist.
would resist offering a high price because fewer buyers would purchase from that firm
should choose to cooperate with other sellers in maintaining the price within a “moderate” zone
will seek to “gouge” their customers by charging the highest possible prices
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