[TYPE THE COMPANY NAME]
ECS2601 Assignment
3 QUIZ
(COMPLETE
ANSWERS) Semester
1 2026 - DUE 23 April
2026
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
,
, 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.
Ensure your success with us.
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
ECS2601 Assignment
3 QUIZ
(COMPLETE
ANSWERS) Semester
1 2026 - DUE 23 April
2026
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
,
, 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.
Ensure your success with us.
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
