Test MFPA Microeconomics

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Question 1
Unlike perfect competition, oligopoly product releases ...
- Uniform
- Differentiated
- And a uniform and a differentiated

Question 2
In contrast to the monopoly company-oligopolist
- Has control over the price
- Take into account the reaction of competitors
- Does not account for the reaction of competitors
- Resort to price competition
Question 3
Natural barriers to entry into oligopolistic industries are due
- The possibility of large firms to reduce the ATC in the long run because of the economies of scale
- Inability to predict the response of competing firms
- The ability to hold the oligopolists "hard" price at a certain range of output
- Manufacturing firms oligopolists differentiated product

Question 4
Oligopolists firms may create artificial barriers to entry of new firms in the industry,
- Producing only homogeneous products
- Reducing differentiable product
- If they do not resort to price competition
- Acquiring a patent

Question 5
For pricing in oligopoly conditions characteristic that
- Prices are "hard", ie. E. Do not change so quickly and dramatically as in other market structures
- The firm to change prices at the same time
- The price is perceived as an external factor, in which the firm can not influence
- The company independently, within certain limits alters the price of goods sold in any direction

Question 6
"Stiffness" oligopolistic market prices in the short term due to the fact that
- Firms have specific cost curves
- Changes in prices increases the cost
- It is impossible to determine the MC
- It is impossible to determine the MR

Question 7
"Polyline" the demand curve for the product is an oligopoly
- The gap in the schedule of the marginal revenue
- The gap in the schedule of the marginal costs
- That the price should not be higher than the marginal revenue
- Formal collusion in determining the price

Question 8
The market is oligopolistic firm can expect to increase the magnitude of demand for its products in the
- Reducing the price of goods competing firm
- An increase in the price of goods competing firm
- An increase in the price of complementary products
- An increase in advertising rates

Question 9
Oligopoly is likely to arise in the market
- Shampoos
- Grain
- Aircraft
- Flowers

Question 10
Monopoly power in oligopolistic markets always determined
- Product differentiation
- Non-price competition
- Highly competitive production
- Unique Product

Question 11
Oligopolists firms in the short term AVC achieve immutability at a range of output due to the fact that they
- Produce a homogeneous or differentiated product
- Use of capital resources that can be divided into independently functioning parts
- Have the ability to reduce costs through economies of scale
- May conclude an agreement on the control of prices

Question 12
In the short term, having a section with a constant value of AVC, company-oligopolist sets the price of the product
- Equal to the price prevailing in the market of goods under the influence of supply and demand
- Equal to the constant value AVC
- Defined by the intersection of the demand curve with the curve AVC
- Determined from the equation MC = MR

Question 13
It is not true that the higher the likelihood of the cartel in the industry
- With a small number of companies than the industry with a relatively large number of firms
- Experiencing economic growth than the industry, where production is reduced
- Where there is a leading firm
- To produce a differentiated rather than homogeneous product

Question 14
Oligopoly characterized
- Intermediate between monopoly and monopolistic competition

Additional information

MFPA Microeconomics test, only 51 issue


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