( Best 40+ ) Monopoly MCQ

by Mr. DJ

Monopoly MCQ

What do you mean by monopoly?

monopoly refers to when a company and its product offerings dominate one sector or industry. Monopolies can be considered an extreme result of free-market capitalism and are often used to describe an entity that has total or near-total control of a market.
Monopoly MCQ
1. Which of the following best defines price discrimination ?

2. Compared to the case of perfect competition, a monopolist is more likely to ?

3. In pure monopoly, what is the relation between the price and the marginal revenue ?

4. If a marginal revenue exceeds marginal cost, a monopolists should?

5. If regulators break up a natural monopoly into many smaller firms, the cost of production ?

6. Public ownership of natural monopolies ?

7. Using government regulations to force a natural monopoly to charge a price equal to his marginal cost will ?

8. Compared to a perfectly competitive market a monopoly market will usually generate ?

9. A monopolist maximizes profit by producing the quantity at which ?

>10. A firm whose average total cost continually declines at least to the quantity that could supply the entire market is known as a ?

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