Miscellaneous Quiz / Economics: Monopoly and Market Power

Random Miscellaneous Quiz

Can you name the basics of monopoly and market power?

 Plays Quiz not verified by Sporcle

Also try: 'HH' Things
Challenge
Share
Tweet
Embed
Score 0/16 Timer 04:00
QuestionAnswerExplanation
A perfectly-competitive firm faces a _____________________ demand curve.
Does price discrimination create deadweight loss?
Charging everyone his or her marginal value (i.e., willingness to pay) is __________ degree price discrimination.
Lost gains from trade are ______________.
Monopoly price is _______________.
True or false? P = MC for a perfectly competitive firm.
Student discounts are an example of _______ degree price discrimination.
Charging different per-unit prices for different quantities of a good is ___________ degree price discrimination.
QuestionAnswerExplanation
In a monopolistically competitive market, products are ___________________.
A monopolist or a monopolistically competitive firm faces a __________________ demand curve.
Book publishers publish hardback books before paperback books because they are engaging in _______________.
A monopolist maximizes profit when ________________________.
If a monopolist can perfectly price discriminate, then efficiency will ________________.
When it is efficient for a single firm to produce the entire market's output, we have a ___________________.
Monopoly output is ______________.
True or false? P = MC for a monopolist.

You're not logged in!

Compare scores with friends on all Sporcle quizzes.
Join for Free
OR
Log In

You Might Also Like...

Show Comments

Extras

Top Quizzes Today


Score Distribution

Your Account Isn't Verified!

In order to create a playlist on Sporcle, you need to verify the email address you used during registration. Go to your Sporcle Settings to finish the process.

Report this User

Report this user for behavior that violates our Community Guidelines.

Details: