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

Last updated 9 months ago

4 Nsɛmmisa

1

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1.

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

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

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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