AP (Advanced Placement) Microeconomics: Questions 199 - 203 of 456
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Question 199
Question MCQ▾
Which of the following denotes Efficiency in production and exchange both?
Choices
Choice (5) | Response | |
---|---|---|
a. | ||
b. | ||
c. | ||
d. | ||
e. | None of the above |
Question 200
Question MCQ▾
Which of the following is correct about Perfect Competition and Monopolistic Competition?
Choices
Choice (5) | Response | |
---|---|---|
a. | In the long run, they make Super profits. | |
b. | In the long run, they make normal profits. | |
c. | In the long run, they make Economic losses. | |
d. | In long run, they make Economic Profits | |
e. | None of the above |
Question 201
Question MCQ▾
In which of the following price discrimination, AR and MR curve is the same?
Choices
Choice (5) | Response | |
---|---|---|
a. | Fourth Degree Price Discrimination | |
b. | Second Degree Price Discrimination | |
c. | Third Degree Price Discrimination | |
d. | First Degree Price Discrimination | |
e. | Question does not provide sufficient data or is vague |
Question 202
Question MCQ▾
In perfect competition what shape is the demand curve of the firm?
Choices
Choice (5) | Response | |
---|---|---|
a. | Upward | |
b. | Downward | |
c. | Horizontal | |
d. | Vertical | |
e. | Question does not provide sufficient data or is vague |
Question 203
Question MCQ▾
Which of the following is not true about Sweezy kinked demand curve?
Choices
Choice (5) | Response | |
---|---|---|
a. | When the Oligopolist tries to increase price, then everyone else also increase the price. | |
b. | When the Oligopolist tries to decrease the price, then everyone else also decrease the price. | |
c. | The demand curve portion below the kink is of heterogeneous goods, and is of less elastic. | |
d. | The demand curve portion above the kink is of homogenous goods, and is highly elastic. | |
e. | All of the above |