Test MFPA Microeconomics

Question 1

Unlike perfect competition, oligopoly product releases ...

- Uniform

- Differentiated

- And a uniform and a differentiated


Question 2

In contrast to the monopoly company-oligopolist

- Has control over the price

- Take into account the reaction of competitors

- Does not account for the reaction of competitors

- Resort to price competition

Question 3

Natural barriers to entry into oligopolistic industries are due

- The possibility of large firms to reduce the ATC in the long run because of the economies of scale

- Inability to predict the response of competing firms

- The ability to hold the oligopolists "hard" price at a certain range of output

- Manufacturing firms oligopolists differentiated product


Question 4

Oligopolists firms may create artificial barriers to entry of new firms in the industry,

- Producing only homogeneous products

- Reducing differentiable product

- If they do not resort to price competition

- Acquiring a patent


Question 5

For pricing in oligopoly conditions characteristic that

- Prices are "hard", ie. E. Do not change so quickly and dramatically as in other market structures

- The firm to change prices at the same time

- The price is perceived as an external factor, in which the firm can not influence

- The company independently, within certain limits alters the price of goods sold in any direction


Question 6

"Stiffness" oligopolistic market prices in the short term due to the fact that

- Firms have specific cost curves

- Changes in prices increases the cost

- It is impossible to determine the MC

- It is impossible to determine the MR


Question 7

"Polyline" the demand curve for the product is an oligopoly

- The gap in the schedule of the marginal revenue

- The gap in the schedule of the marginal costs

- That the price should not be higher than the marginal revenue

- Formal collusion in determining the price


Question 8

The market is oligopolistic firm can expect to increase the magnitude of demand for its products in the

- Reducing the price of goods competing firm

- An increase in the price of goods competing firm

- An increase in the price of complementary products

- An increase in advertising rates


Question 9

Oligopoly is likely to arise in the market

- Shampoos

- Grain

- Aircraft

- Flowers







Question 10

Monopoly power in oligopolistic markets always determined

- Product differentiation

- Non-price competition

- Highly competitive production

- Unique Product


Question 11

Oligopolists firms in the short term AVC achieve immutability at a range of output due to the fact that they

- Produce a homogeneous or differentiated product

- Use of capital resources that can be divided into independently functioning parts

- Have the ability to reduce costs through economies of scale

- May conclude an agreement on the control of prices


Question 12

In the short term, having a section with a constant value of AVC, company-oligopolist sets the price of the product

- Equal to the price prevailing in the market of goods under the influence of supply and demand

- Equal to the constant value AVC

- Defined by the intersection of the demand curve with the curve AVC

- Determined from the equation MC = MR


Question 13

It is not true that the higher the likelihood of the cartel in the industry

- With a small number of companies than the industry with a relatively large number of firms

- Experiencing economic growth than the industry, where production is reduced

- Where there is a leading firm

- To produce a differentiated rather than homogeneous product


Question 14

Oligopoly characterized

- Intermediate between monopoly and monopolistic competition