(4.3) Price Discrimination, Natural Monopolies and Regulation MCQ Open Practice
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Last updated about 2 months ago
10 questions
Required
1
Which of the following is a characteristic of price discrimination by monopolies?
Which of the following is a characteristic of price discrimination by monopolies?
Required
1
How does a natural monopoly benefit from economies of scale?
How does a natural monopoly benefit from economies of scale?
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1
What is a common consequence of monopoly power on consumers?
What is a common consequence of monopoly power on consumers?
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1
Why might a government regulate a natural monopoly?
Why might a government regulate a natural monopoly?
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1
Which of the following scenarios represents perfect price discrimination?
Which of the following scenarios represents perfect price discrimination?
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1
How do monopolies generally affect market competition?
How do monopolies generally affect market competition?
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1
What role does elasticity of demand play in a monopolist's pricing strategy?
What role does elasticity of demand play in a monopolist's pricing strategy?
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1
How does a monopoly's profit compare to that of a perfectly competitive firm?
How does a monopoly's profit compare to that of a perfectly competitive firm?
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1
What is an example of a natural monopoly?
What is an example of a natural monopoly?
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1
Why might monopolies lead to inefficiencies in resource allocation?
Why might monopolies lead to inefficiencies in resource allocation?