Exam 6: Increasing Returns to Scale and Monopolistic Competition

In a duopoly where products are differentiated and firms charge Different prices, the demand curves are _______________ than If the firms sell identical products at the same price.

(Multiple Choice)

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Question 41

When there are increasing returns to scale, average costs must Be:

(Multiple Choice)

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Question 42

U.S.unemployment caused by NAFTA over the years from 1994 To 2002:

(Multiple Choice)

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Question 43

A monopolistic competitor has fixed costs of $100 and a constant $1 marginal cost of production. A) Will this firm earn shortrun monopoly profits if it produces and sells 300 units at a price of $2.00 each? B) What can we expect to happen to this monopolistic competitor in the long run?

(Essay)

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Question 44

If the index of intraindustry trade for an industry is zero, then:

(Multiple Choice)

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Question 45

Whenever a firm's marginal costs are less than its average costs, Its average costs must be:

(Multiple Choice)

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Question 46

The United States has benefited from NAFTA substantially in Terms of increased ____, which has lowered prices and given Consumers more choices.

(Multiple Choice)

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Question 47

Suppose that imports and exports in an industry are $100 million And $200 million, respectively.Will the index of intraindustry Trade for this industry rise, fall, or remain unchanged if exports Fall to $100 million?

(Multiple Choice)

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Question 48

How do consumers benefit from trade among monopolistically Competitive firms?

(Multiple Choice)

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Question 49

If a firm in monopolistic competition lowers its price, what will Happen to the quantity of products it sells?

(Multiple Choice)

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Question 50

A monopolistic competitor has fixed costs of $100 and marginal Costs of $10 per unit.What is its marginal revenue at its Equilibrium price and quantity?

(Multiple Choice)

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Question 51

(Essay)

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Question 52

"Differentiated" is another word for:

(Multiple Choice)

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Question 53

SCENARIO: A MONOPOLIST'S MARKET A monopolistically competitive firm faces demand given by this Equation: P = 50 Q.It has no fixed costs and its marginal cost Is $20 per unit. Reference: Ref 62 (Scenario: A Monopolist's Market) What is the value of the firm's Monopoly profits when it sets a price that maximizes its Monopoly profits?

(Multiple Choice)

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Question 54

Studies have concluded that NAFTA caused ________ in Economic welfare to Canada.

(Multiple Choice)

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Question 55

NAFTA benefited Canadian consumers because:

(Multiple Choice)

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Question 56

Studies of U.S.-Canadian free trade have concluded that the Number of new jobs created in Canadian manufacturing were _________ the number of jobs lost elsewhere in Canadian Manufacturing due to free trade.

(Multiple Choice)

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Question 57

Figure: Costs and Demand for a Monopolistic Competitor (Figure: Costs and Demand for a Monopolistic Competitor) The Profits for the firm are:

(Multiple Choice)

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Question 58

In the long run, international trade allows a monopolistically Competitive firm an opportunity:

(Multiple Choice)

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Question 59

A differentiated product is one that:

(Multiple Choice)

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Question 60

Showing 41 - 60 of 139

In a duopoly where products are differentiated and firms charge Different prices, the demand curves are _______________ than If the firms sell identical products at the same price.

When there are increasing returns to scale, average costs must Be:

U.S.unemployment caused by NAFTA over the years from 1994 To 2002:

A monopolistic competitor has fixed costs of $100 and a constant $1 marginal cost of production. A) Will this firm earn shortrun monopoly profits if it produces and sells 300 units at a price of $2.00 each? B) What can we expect to happen to this monopolistic competitor in the long run?

If the index of intraindustry trade for an industry is zero, then:

Whenever a firm's marginal costs are less than its average costs, Its average costs must be:

The United States has benefited from NAFTA substantially in Terms of increased ____, which has lowered prices and given Consumers more choices.

Suppose that imports and exports in an industry are $100 million And $200 million, respectively.Will the index of intraindustry Trade for this industry rise, fall, or remain unchanged if exports Fall to $100 million?

How do consumers benefit from trade among monopolistically Competitive firms?

If a firm in monopolistic competition lowers its price, what will Happen to the quantity of products it sells?

A monopolistic competitor has fixed costs of $100 and marginal Costs of $10 per unit.What is its marginal revenue at its Equilibrium price and quantity?

"Differentiated" is another word for:

Studies have concluded that NAFTA caused ________ in Economic welfare to Canada.

NAFTA benefited Canadian consumers because:

Studies of U.S.-Canadian free trade have concluded that the Number of new jobs created in Canadian manufacturing were _________ the number of jobs lost elsewhere in Canadian Manufacturing due to free trade.

Figure: Costs and Demand for a Monopolistic Competitor (Figure: Costs and Demand for a Monopolistic Competitor) The Profits for the firm are:

In the long run, international trade allows a monopolistically Competitive firm an opportunity:

A differentiated product is one that:

The Global Economy

Trade and Technology: the Ricardian Model

Gains and Losses From Trade in the Specific-Factors Model

Trade and Resources: the Heckscher-Ohlin Model

Movement of Labor and Capital Between Countries

Import Tariffs and Quotas Under Perfect Competition

Import Tariffs and Quotas Under Imperfect Competition

International Agreements: Trade, Labor, and the Environment

Introduction to Exchange Rates and the Foreign Exchange Market

Exchange Rates I: the Monetary Approach in the Long Run

Filters

Exam 6: Increasing Returns to Scale and Monopolistic Competition

In a duopoly where products are differentiated and firms charge Different prices, the demand curves are _______________ than If the firms sell identical products at the same price.

When there are increasing returns to scale, average costs must Be:

U.S.unemployment caused by NAFTA over the years from 1994 To 2002:

A monopolistic competitor has fixed costs of $100 and a constant $1 marginal cost of production. A) Will this firm earn short­run monopoly profits if it produces and sells 300 units at a price of $2.00 each? B) What can we expect to happen to this monopolistic competitor in the long run?

If the index of intra­industry trade for an industry is zero, then:

Whenever a firm's marginal costs are less than its average costs, Its average costs must be:

The United States has benefited from NAFTA substantially in Terms of increased ____, which has lowered prices and given Consumers more choices.

Suppose that imports and exports in an industry are $100 million And $200 million, respectively.Will the index of intra­industry Trade for this industry rise, fall, or remain unchanged if exports Fall to $100 million?

How do consumers benefit from trade among monopolistically Competitive firms?

If a firm in monopolistic competition lowers its price, what will Happen to the quantity of products it sells?

A monopolistic competitor has fixed costs of $100 and marginal Costs of $10 per unit.What is its marginal revenue at its Equilibrium price and quantity?

"Differentiated" is another word for:

Studies have concluded that NAFTA caused ________ in Economic welfare to Canada.

NAFTA benefited Canadian consumers because:

Studies of U.S.-Canadian free trade have concluded that the Number of new jobs created in Canadian manufacturing were _________ the number of jobs lost elsewhere in Canadian Manufacturing due to free trade.

Figure: Costs and Demand for a Monopolistic Competitor (Figure: Costs and Demand for a Monopolistic Competitor) The Profits for the firm are:

In the long run, international trade allows a monopolistically Competitive firm an opportunity:

A differentiated product is one that:

The Global Economy

Trade and Technology: the Ricardian Model

Gains and Losses From Trade in the Specific-Factors Model

Trade and Resources: the Heckscher-Ohlin Model

Movement of Labor and Capital Between Countries

Import Tariffs and Quotas Under Perfect Competition

Import Tariffs and Quotas Under Imperfect Competition

International Agreements: Trade, Labor, and the Environment

Introduction to Exchange Rates and the Foreign Exchange Market

Exchange Rates I: the Monetary Approach in the Long Run

Filters

A monopolistic competitor has fixed costs of $100 and a constant $1 marginal cost of production. A) Will this firm earn shortrun monopoly profits if it produces and sells 300 units at a price of $2.00 each? B) What can we expect to happen to this monopolistic competitor in the long run?

If the index of intraindustry trade for an industry is zero, then:

Suppose that imports and exports in an industry are $100 million And $200 million, respectively.Will the index of intraindustry Trade for this industry rise, fall, or remain unchanged if exports Fall to $100 million?