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

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

You're not logged in!

Compare scores with friends on all Sporcle quizzes.
Sign Up with Email
Log In

You Might Also Like...

Show Comments


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.