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

Last updated 10 months ago

4 Nsɛmmisa

1

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1.

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

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

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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