Economics Practice Test 14
Between Monopoly and Perfect Competition MCQ (Multiple Choice Questions) PDF - 14
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The MCQs: Where two large companies collectively control a large portion of markets, this situation is known as; "Between Monopoly & Perfect Competition" App Download (iOS & Android) Free with answers monopolistic competition, oligopoly, duopoly and free market to study online training courses. Practice oligopoly questions and answers to improve problem solving skills for BS degree in business administration.
Between Monopoly & Perfect Competition Questions and Answers PDF Download: Quiz 14
MCQ 66: Where two large companies collectively control a large portion of markets, this situation is known as
- oligopoly
- monopolistic competition
- duopoly
- free market
MCQ 67: The mismatch between the jobs available and the skill levels of the unemployed are called as
- frictional unemployment
- cyclical unemployment
- structural unemployment
- under employment
MCQ 68: A good that is both at times excludable and rival in consumption is called as
- public good
- private good
- bad good
- acceptable good
MCQ 69: The ability of one party to produce a specific good/service at a lower opportunity cost over another is known as
- production possibility
- comparative advantage
- trade
- opportunity cost
MCQ 70: One way to save domestic firms and industries is to levy
- taxes
- embargo
- tariff
- customs
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Principles of Marketing Quiz with Answers
- Kind of product mix and marketing mix which appeals large number of buyers is called
- Considering competitive positions, the company which serves small customer segments that remain
- If men and women responds differently to the marketing efforts for fast
- Firm providing marketing services such as assisting different companies in preparing, planning,
- Situation in which company is making more sales with its existing product is classified as
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Between Monopoly & Perfect Competition Quiz Book Questions
- Amount of a good that a consumer is willing to give up
- Cost of forgoing one alternative over another is known as
- When a country's businesses lower the sales price of its exports to
- Type of market that is considered while converting one country's currency into
- Taxes that are imposed on employers or employees, and are usually calculated
- Type of industry where a single firm is able to supply a