A: The
firms are subject to government regulation.
B: The
firms have some degree of market power.
C: The
firms choose to collude.
D: The
firms act like a cartel.
举一反三
- In perfect competition, ________. A: there are restrictions on entry into the market B: firms in the market have advantages over firms that plan to enter the market C: only firms know their competitors' prices D: there are many firms that sell identical products
- Which of the following correctly describes an oligopoly? A: A single firm has all of the market power. B: Several firms have market power and there is free entry and exit. C: Several firms have market power and there are barriers to entry. D: Several firms take the price as given and there is free entry and exit.
- The<br/>invisible hand refers to() A: how central planners made economic<br/>decisions. B: how the decisions of households and firms<br/>lead to desirable market outcomes. C: the control that large firms have over the<br/>economy. D: government regulations without which the<br/>economy would be less efficient.
- Refer to Figure 12.1. Assume the firms have formed a cartel. If the cartel is maximizing profits, the cartel's profits are:
- Because economic profits are eliminated in the long run in monopolistic competition, to make an economic profit, firms continuously develop and market new products。(<br/>)
内容
- 0
Firms<br/>raise capital by issuing stock () A: in<br/>the secondary market. B: in<br/>the primary market. C: to<br/>unwary investors. D: only<br/>on days when the market is up.
- 1
Refer to Figure 12.1. Six firms that produce chewing gum have formed a cartel. The cartel faces the market demand curve given by D. To maximize profits, the cartel should produce ________ packs of chewing gum and the price should be ________.
- 2
________ are those runner-up firms that are working to increase their market share in an<br/>industry. A: Market leaders B: Market challengers C: Market followers D: Market nichers
- 3
What links the decisions of consumers and firms in a market?
- 4
18) According to the circular flow model A: . in the market for goods and services, households are buyers and firms are sellers. B: . the market for goods and services, households are sellers and firms are buyers. C: . in the market for factors of production, households are buyers and firms are sellers. D: . firms are the owners of the factors of production.