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Home  arrow Student Resources  arrow Chapter 25: Monopoly  arrow Quizzes  arrow Quiz 3

Quiz 3

This activity contains 10 questions.

Question 1.
The demand curve faced by the monopolist:

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Question 2.
As opposed to other types of monopoly, a natural monopoly typically owes its monopoly position to

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Question 3.
An important difference between a monopolist and a perfectly competitive firm is

End of Question 3

Question 4.

In the graph, the profit-maximizing price for a monopoly is

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Question 5.

In the graph, the monopoly is

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Question 6.
For a monopoly,

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Question 7.
Patents encourage research and innovation because:

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Question 8.
A natural monopoly:

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Question 9.
If we were to compare the amount produced by firms in a competitive industry to the output produced by a monopoly, the monopolist will produce:

End of Question 9

Question 10.
Which of the following is a barrier to entry?

End of Question 10

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