Econ 201 week Study guides, Class notes & Summaries
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American Military University ECON 201 ECON201 WEEK 5 Quiz
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American Military University ECON 201 ECON201 WEEK 5 Quiz
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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: 
 
 
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A.	a duopoly. 
 
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B.	a monopoly. 
 
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C.	an oligopoly. 
 
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D.	perfect competition. 
 
 
 
Question 3 of 17 
 
Which of the following is true in a perfectly competitive market? 
 
 
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A.	One unit of a good or service cann...
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American Military University ECON 201 / ECON201 Week 2 Quiz( Chapter 3)
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American Military University ECON 201 / ECON201 Week 2 Quiz( Chapter 3)
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Exam (elaborations) APUS ECON 201 WeeK 1 -with 100% verified anss-2023
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APUS ECON 201 WEEK 1 -with 100% verified answers-2022-2023
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American Military University ECON 201 / ECON201 Week 7 Quiz
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Question 1 
Monopolistic competition is an industry characterized by a: 
 
 
• 
 
A.	small number of firms producing identical products, with barriers to entry for firms. 
 
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B.	small number of firms producing similar products, with relatively easy entry for firms. 
 
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C.	large number of firms producing similar products, with relatively easy entry for firms. 
 
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D.	large number of firms producing identical products, with relatively easy entry for firms. 
 
 
 
Answer Key:C Q...
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American Military University ECON 201 ECON201 WEEK 7 Quiz 100% CORRECT
- Exam (elaborations) • 10 pages • 2023
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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 5 Quiz
- Exam (elaborations) • 15 pages • 2023
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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 WEEK 5 Quiz
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American Military University ECON 201 ECON201 WEEK 7 Exam Questions Quiz 100% CORRECT
- Exam (elaborations) • 10 pages • 2023
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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. ...
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American Military University ECON 201 ECON201 WEEK 7 Quiz 100% CORRECT
- Exam (elaborations) • 10 pages • 2023
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American Military University ECON 201 ECON201 WEEK 7 Quiz 100% CORRECT
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