Econ201 week 6 quiz Study guides, Class notes & Summaries
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ECON 201 Week 6 Quiz (Chapter 9 & 10)- Microeconomics for Business (100.0 out of 100.0 Points ) winter exam actual update University of Maryland
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ECON 201 Week 6 Quiz (Chapter 9 & 10)- Microeconomics for Business (100.0 out of 100.0 Points ) winter exam actual update University of Maryland
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American Military University ECON 201 / ECON201 Week 6 Quiz
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ECON 201 Week 6 Quiz 
 
 
 
 
 
Question 2 of 17 
 
An industry that contains a firm that is the only producer of a good or service for which there are no close substitutes and for which entry by potential rivals is prohibitively difficult is: 
 
 
• 
 
A.	a duopoly. 
 
•	 
 
B.	a monopoly. 
 
• 
 
C.	an oligopoly. 
 
• 
 
D.	perfect competition. 
 
 
 
Question 3 of 17 
 
Which of the following is true in a perfectly competitive market? 
 
 
•	 
 
A.	One unit of a good or service cann...
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American Military University ECON 201 ECON201 WEEK 7 Quiz 100CORRECT
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American Military University ECON 201 ECON201 WEEK 7 Quiz 
100% CORRECT 
Question 1 
Monopolistic competition is an industry characterized by a: 
• 
A. small number of firms producing identical products, with barriers to entry for firms. 
• 
B. small number of firms producing similar products, with relatively easy entry for firms. 
• 
C. large number of firms producing similar products, with relatively easy entry for firms. 
• 
D. large number of firms producing identical products, with...
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American Military University ECON 201 ECON201 WEEK 7 Quiz 100% CORRECT
- Exam (elaborations) • 10 pages • 2023
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- $11.49
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American Military University ECON 201 ECON201 WEEK 7 Quiz 
100% CORRECT 
Question 1 
Monopolistic competition is an industry characterized by a: 
• 
A. small number of firms producing identical products, with barriers to entry for firms. 
• 
B. small number of firms producing similar products, with relatively easy entry for firms. 
• 
C. large number of firms producing similar products, with relatively easy entry for firms. 
• 
D. large number of firms producing identical products, with...
-
American Military University ECON 201 ECON201 WEEK 7 Quiz 100% CORRECT
- Exam (elaborations) • 10 pages • 2023
-
- $12.49
- + learn more
American Military University ECON 201 ECON201 WEEK 7 Quiz 
100% CORRECT 
Question 1 
Monopolistic competition is an industry characterized by a: 
• 
A. small number of firms producing identical products, with barriers to entry for firms. 
• 
B. small number of firms producing similar products, with relatively easy entry for firms. 
• 
C. large number of firms producing similar products, with relatively easy entry for firms. 
• 
D. large number of firms producing identical products, with...
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American Military University ECON 201 ECON201 WEEK 5 Quiz
- Exam (elaborations) • 15 pages • 2023
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American Military University - ECON 201 / ECON201 Quiz 1
- Exam (elaborations) • 6 pages • 2022
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ECON201 Quiz Week 1 
 
Question 1 of 15 
The branch of economics that examines the impact of choices on aggregates in the economy is: 
 
A.	positive economics. 
 
B.	normative economics. 
 
C.	macroeconomics. 
 
D.	microeconomics. 
 
Question 2 of 15 
When we are forced to make choices we are facing the concept of: 
 
A.	ceteris paribus. 
 
B.	free goods. 
 
C.	scarcity. 
 
D.	the margin. 
 
 
Question 3 of 15 
An economic system is the set of rules that define	and	. 
 
A.	resources; prices 
 
B...
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American Military University ECON 201 ECON201 WEEK 7 Exam Questions Quiz 100% CORRECT
- Exam (elaborations) • 10 pages • 2024
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American Military University ECON 201 
ECON201 WEEK 7 Exam Questions Quiz 
100% CORRECT 
 
 
Question 1 
Monopolistic competition is an industry characterized by a: 
• 
A. small number of firms producing identical products, with barriers to entry for firms. 
• 
B. small number of firms producing similar products, with relatively easy entry for firms. 
• 
C. large number of firms producing similar products, with relatively easy entry for firms. 
• 
D. large number of firms producing ident...
-
American Military University ECON 201 ECON201 WEEK 7 Quiz 100% CORRECT
- Exam (elaborations) • 10 pages • 2023
-
- $7.99
- + learn more
American Military University ECON 201 ECON201 WEEK 7 Quiz 
100% CORRECT 
Question 1 
Monopolistic competition is an industry characterized by a: 
• 
A. small number of firms producing identical products, with barriers to entry for firms. 
• 
B. small number of firms producing similar products, with relatively easy entry for firms. 
• 
C. large number of firms producing similar products, with relatively easy entry for firms. 
• 
D. large number of firms producing identical products, with...
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