1. Price discrimination is prima facie evidence of _____. (Points : 10) monopoly oligopoly imperfect

1. Price discrimination is prima facie evidence of _____. (Points : 10) monopoly oligopoly imperfect competition perfect competition public good 2. Price wars are prima facie evidence of _____. (Points : 10) monopoly oligopoly imperfect competition perfect competition public good 3. Commodity markets, like wheat or gold, are the closest examples of _____. (Points : 10) monopoly oligopoly imperfect competition perfect competition public good 4. Most of our daily economic activity takes place in which type of market? (Points : 10) monopoly oligopoly imperfect competition perfect competition
1. Price discrimination is prima facie evidence of _____. (Points : 10) monopoly oligopoly imperfect competition perfect competition public good 2. Price wars are prima facie evidence of _____. (Points : 10) monopoly oligopoly imperfect competition perfect competition public good 3. Commodity markets, like wheat or gold, are the closest examples of _____. (Points : 10) monopoly oligopoly imperfect competition perfect competition public good 4. Most of our daily economic activity takes place in which type of market? (Points : 10) monopoly oligopoly imperfect competition perfect competition public good 5. The primary goal of a firm is to _____. (Points : 10) maximize revenue minimize cost maximize profit all of the above none of the above 6. The prisoners' dilemma is used to explain what kind of market? (Points : 10) perfect competition oligopoly monopoly monopolistic competition 7. A profit-maximizing firm produces output up to the point where ______ (Points : 10) ATC = AVC MR = ATC MR = MC AR = ATC 8. A single firm that can supply a good or service to an entire market at a smaller cost per unit than two or more firms is called a ____ (Points : 10) unregulated monopoly oligopoly cartel natural monopoly 9. Two conditions for the existence of a competitive market are: (Points : 10) identical products and individual firms are price takers indentical products and invidual firms are price makers similar but not identical products and firms are price makers similar products and firms have market power 10. Which market experiences the least competition? (Points : 10) perfect competition oligopoly monopoly monopolistic competition