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Microeconomics 101

6 Questions  I  By Einstein100
Economics Quizzes & Trivia
A test on micro economic theory.

  
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Question Excerpt

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1.  The central question in economics is
A.
B.
C.
D.
2.  A situation where one buyer buys all the available output from an industry is known as
A.
B.
C.
D.
3.  If marginal benefit is greater than marginal cost, a rational choice involves:
A.
B.
C.
D.
4.  A graph showing all the combinations of goods and services that can be produced if all of society's resources are used efficiently is a:
A.
B.
C.
D.
5.  Which of the following is true of a perfectly contestable market?
A.
B.
C.
D.
6.  At what price does a monopolist maximise profit?
A.
B.
C.
D.
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