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