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