SAILBOAT QUIZ
That Rhino
Created on April 21, 2023
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Transcript
Econ-40
Start
Which are price makers?
01
Monopoly
Perfect Competition
MonopolisticCompetition
P<AVC
In PC, producing at a loss is when:
02
ATC>P<AVC
P>ATC
Which is an example of Price Discrimination?
03
Price decreases due to an increase in suppliers
Veteran's Discount
PG&E increases prices for summer
Maximum Efficiency
MC=MR is
04
Revenue Maximizing
Profit Maximizing
Many Firms
low barriers of entry
Which is not a characteristic of Mono. Comp.
05
high barriers of entry
use the Dominant Strategy
Maximum Efficiency
Monopolies always have:
06
High prices and low Quantities produced
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