Firm Behavior & Market Structure-Oligopoly [AP (Advanced Placement) Microeconomics]: Questions 1 - 2 of 2

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Question 1

Appeared in Year: 2015 (NET)

Question

MCQ▾

Between the two situations for a firm profit maximization and sales revenue maximization, the equilibrium for a profit maximizer as compared to sales revenue maximizer, takes place at: (December)

Choices

Choice (5)Response

a.

Lower output and higher price

b.

Larger output and lower price

c.

Larger output and larger price

d.

Lower output and lower price

e.

Question does not provide sufficient data or is vague

Question 2

Appeared in Year: 2019 (NET)

Question

MCQ▾

The inventory approach to the transaction demand suggests that the transaction component of the demand for money is: (December)

Choices

Choice (5)Response

a.

Negatively related to interest rate

b.

Negatively related to real income

c.

Negatively related to nominal income

d.

Negatively related to real wealth

e.

All of the above

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