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互斥5-8 8-11 1;9
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举一反三
【单选题】When a monopolist is able to sell its product at different prices to different customers, it is likely engaging in:
A.
quality-adjusted pricing.
B.
price discrimination.
C.
price differentiation.
D.
illegal activities.
【单选题】Graphically, the marginal revenue curve of a monopolist:
A.
lies below the demand curve of a monopolist.
B.
is the same as the demand curve of a monopolist.
C.
lies above the demand curve of a monopolist.
D.
is the same as the marginal cost curve of a monopolist.
【单选题】For a single-price monopolist to sell one more unit of a good, it must
A.
lower the price on just the last unit sold.
B.
lower the price on all units sold.
C.
raise the price on just the last unit sold.
D.
raise the price on all units sold.
【单选题】An increase in a monopolist’s average cost will lead to
A.
an increase in price, as the monopolist passes on the price increase
B.
an increase in price only if marginal cost also increases
C.
a decrease in price as the monopolist needs to sell more in order to cover increased costs
D.
an increase in price only if the elasticity of demand is less than 1.0
【单选题】A monopolist that chooses price
A.
necessarily produces less than a monopolist that chooses quantity, hence the laws against price fixing.
B.
operates according to the Harvard tradition rather than the Chicago tradition.
C.
produces more than a monopolist that chooses quantity, thus the irony of laws against price fixing.
D.
produces the same amount as a monopolist that chooses quantity.
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