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Micro Unit 3.7 & 4.1-5 CW: Characteristics of Market Structure (Matching Graphs)

Last updated 8 months ago

4 Nsɛmmisa

1

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1.

Match the graph to the correct scenario stating the type of product market.

Perfect Competition
Pure Monopoly
Price Discriminating Monopolist
Monopolistically Competitive
Natural Monopoly with Constant Resource Costs
Natural Monopoly with Diminishing Returns

1

1

1

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Asemmisa {{asɛmmisaAhyɛnsode}}

2.

Match the graph to the correct scenario describing the current quantity/price/profit position of the firm. Hint: (4-3-3)

@ Normal Profit
@ Productive Efficiency
@ Allocatively Efficient
@ Breakeven
@ Short-Run Profits
@ Short-Run Losses
@ Fair Return
@ Long-Run Equilibrium
@ 0 Economic Profit
@ Social Optimum
Has Excess Capacity

Asemmisa {{asɛmmisaAhyɛnsode}}

3.

Match the graph to the correct scenario describing the current quantity/price/profit position of the firm. Hint: (1-3-1)

@ Normal Profit
@ Productive Efficiency
@ Allocatively Efficient
@ Breakeven
@ Short-Run Profits
@ Short-Run Losses
@ Fair Return
@ Long-Run Equilibrium
@ 0 Economic Profit
@ Social Optimum
Has Excess Capacity

Asemmisa {{asɛmmisaAhyɛnsode}}

4.

Match the graph to the correct scenario describing the current quantity/price/profit position of the firm. Hint: (3-1)

@ Normal Profit
@ Productive Efficiency
@ Allocatively Efficient
@ Breakeven
@ Short-Run Profits
@ Short-Run Losses
@ Fair Return
@ Long-Run Equilibrium
@ 0 Economic Profit
@ Social Optimum
Has Excess Capacity