Started on Wednesday, 27 December 2023, 2:40 AM
State Finished
Completed on Wednesday, 27 December 2023, 3:11 AM
Time taken 31 mins 11 secs
Marks 20.00/21.00
Grade 95.24 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Monopolistic competition is an industry characterized by:
a horizontal demand curve.
a small number of rms.
Question 2
Correct
Mark 1.00 out of 1.00
is a realistic model of many di erent markets.
, Question 3
Correct
Mark 1.00 out of 1.00
Economic pro ts are guaranteed for:
a monopoly, but not a perfectly competitive rm.
a perfectly competitive rm, but not a monopoly.
both a monopoly and a perfectly competitive rm.
neither a monopoly nor a perfectly competitive rm.
Question 4
Correct
Mark 1.00 out of 1.00
Which one of the following is an example of a frictionally unemployed individual?
Select one:
Question 5
Correct
Mark 1.00 out of 1.00
The XYZ Company is a pro t-maximizing rm with a monopoly in the production of pennants. The rm sells its pennants for $10 each.
We can conclude that the XYZ Company is producing a level of output at which:
State Finished
Completed on Wednesday, 27 December 2023, 3:11 AM
Time taken 31 mins 11 secs
Marks 20.00/21.00
Grade 95.24 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Monopolistic competition is an industry characterized by:
a horizontal demand curve.
a small number of rms.
Question 2
Correct
Mark 1.00 out of 1.00
is a realistic model of many di erent markets.
, Question 3
Correct
Mark 1.00 out of 1.00
Economic pro ts are guaranteed for:
a monopoly, but not a perfectly competitive rm.
a perfectly competitive rm, but not a monopoly.
both a monopoly and a perfectly competitive rm.
neither a monopoly nor a perfectly competitive rm.
Question 4
Correct
Mark 1.00 out of 1.00
Which one of the following is an example of a frictionally unemployed individual?
Select one:
Question 5
Correct
Mark 1.00 out of 1.00
The XYZ Company is a pro t-maximizing rm with a monopoly in the production of pennants. The rm sells its pennants for $10 each.
We can conclude that the XYZ Company is producing a level of output at which:
