Miscellaneous Quiz / Economics: Monopoly and Market Power

Random Miscellaneous Quiz

Can you name the basics of monopoly and market power?

Quiz not verified by Sporcle

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

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: