Test your economics knowledge!

Created as part of the economics group project.

Knowledge quiz
Questions 10
Criteria 40% to pass
Difficulty Easy
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Which option is not an example of price discrimination?

What is the socially efficient quantity of output?

Which graph represents the demand curve of a monopoly and why?

What is monopolistic competition?

Which of the following options are an example of monopolistic competition?

Which of the following options are not an attribute of monopolistic competition?

Which option is not a characteristic of an Oligopoly?

Limit pricing is setting a price which ...?

A situation of Nash Equilibrium in a market with two firms can be described as:

A firm that is the majority producer of shoe laces in the U.S. wants to maximize their profit. The graph below illustrates the profit maximization of the firm. How would the shoe lace firm go about maximizing their profit?

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