You’ve faced quizzes on microeconomics before, but the following quiz on the subject that analyses the decisions made by a firm or individual on how to allocate scarce resources is going to be your biggest challenge yet. Take the quiz, answer the tough questions and find out once and for all if you have what it takes to make it in the world of microeconomics. Let’s see how well you do!
No more of the activity
More of the activity
Less of the activity
More or less of the activity, depending on other factors.
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Bilateral Monopoly
Unilateral Monopoly
Monopsony
None of the above
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Allocation
Choice
Scarcity
All Of The Above
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Cost of entry is low
There is no cost of entry
Entry into the market is free
None of the above
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A monopolist never maximises profit
When MC=MR
A monopolist maximises profit all the time
None of the above.
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Quiz Review Timeline (Updated): Mar 21, 2023 +
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Questions from Test 6-11.
25 questions per round.
The questions change every time you retake the test.
150 questions in total.
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Last updated:
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