ECON 201 Microeconomics for Business (ECON201)

American Military University

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American Military University > ECON201: Final Exam – 98% CURRENTLY UPDATED  2021.
  • American Military University > ECON201: Final Exam – 98% CURRENTLY UPDATED 2021.

  • Examen • 19 páginas • 2021
  • ECON201: Final Exam – 98% Overall Grade (highest attempt): 157.5 / 160 - 98.44 % Question 1 5/5 One defining characteristic of pure monopoly is that: The monopolist is a price taker The monopolist uses advertising There is relatively easy entry into the industry, but exit is difficult Question 2 5/ 5 Which is a barrier to entry? Close substitutes Diseconomies of scale Price-taking behavior Question 3 5/5 Other things equal, which reduces competition in an industry? Freedom of entry for new fir...
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American Military University > ECON201: Final Exam – 98%
  • American Military University > ECON201: Final Exam – 98%

  • Examen • 8 páginas • 2021
  • ECON201: Final Exam – 98% Overall Grade (highest attempt): 157.5 / 160 - 98.44 % Question 1 5/5 One defining characteristic of pure monopoly is that: The monopolist is a price taker The monopolist uses advertising There is relatively easy entry into the industry, but exit is difficult Question 2 5/5 Which is a barrier to entry? Close substitutes Diseconomies of scale ...
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