How good is your knowledge of the Market structures? Our MCQ quiz on this topic can help you check how much you know. Can you tell the difference between Oligoplogy and duopoly? Please read carefully and answer all questions. Let's see how many you get correct. We challenge you to get a high score! Our quiz can be a great way to prepare for your examinations. So, make sure to answer carefully. We wish you all the very best with our quiz. Have fun!
True
False
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Maximizing sales
Maximizing profit
Maximizing economies of scale
Maximizing output
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MC = MR and MC cuts MR from below
MC = AC and AR cuts MC from below
MC = AR and MC cuts MR from below
None of the above
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Strong Bariers
Similar Products
No: of firms
Imperfect knowledge
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Because it faces a downward-sloping demand curve
Because under certain circumstances different consumers are charged different prices for the same product or services
Because without competition there is no pressure on the firm to be efficient
None of the above
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R.A. Musgrave
Adam Smith
Joan Robinson
E.H. Chamberlain
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Monoply
Monopolistic
Perfect
Monopsony
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