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ECS2601 Assignment 3 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE 23 April 2026

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ECS2601 Assignment 3 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE 23 April 2026

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ECS2601 Assignment
3 QUIZ
(COMPLETE
ANSWERS) Semester
1 2026 - DUE 23 April
2026
NO PLAGIARISM
[Pick the date]




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,
, Exam (elaborations)

ECS2601 Assignment 3 QUIZ (COMPLETE
ANSWERS) Semester 1 2026 - DUE 23 April
2026
ECS2601 Assignment 3 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE
23 April 2026; 100% TRUSTED Complete, trusted solutions and explanations.
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Assessment 3 – Rewritten Questions
Section 1

1. Is average revenue per unit equal to price multiplied by quantity?
a. True
b. False
2. When a monopolist practices perfect price discrimination:
a. The marginal revenue curve becomes horizontal
b. The demand curve and marginal revenue curve are identical
c. Marginal cost becomes zero
d. The marginal revenue curve lies below the demand curve
3. Price discrimination requires a firm to identify different customers and prevent resale
between them.
a. True
b. False
4. A monopolist faces the following functions:
Demand: P = 20 − 2Q
MR = 20 − 4Q
MC = 5 + Q
At what output level is profit maximised?
a. 10
b. 2
c. 5
d. 3
5. A duopoly is a special case of which market structure?
a. Oligopoly
b. Monopsony
c. Monopoly
d. Imperfect competition
Connected book
image
Hal R. Varian Intermediate Microeconomics
Publisher: 2010 ISBN: 9780393934243 Edition: Unknown

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