Sec 16.4 MC Conclusion

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1、1. Whichmarketstructure(s)is(are)imperfectlycompetitive?ANSWER:  oligopolymonopolisticcompetitionDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.023-Classifyanimperfectlycompetitivefirmasanoligopolyoramonopolisticallycompetitivefirm.TOPICS:  MonopolisticcompetitionKEYWOR

2、DS:  BLOOM'S:ComprehensionCUSTOM ID:  001.16.4-MC-MANK082. Whichmarketstructure(s)is(are)consideredhighlyconcentrated?ANSWER:  oligopolyDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.094-Examinethebehaviorofoligopolists.TOPICS:  OligopoliesKEYWORDS:  BLOOM'S:Comprehensi

3、onCUSTOM ID:  002.16.4-MC-MANK083. Themarketstructureinwhicheachfirmhasamonopolyovertheproductitmakes,butmanyotherfirmsmakesimilarproductsthatcompeteforthesamecustomersiscalledANSWER:  monopolisticcompetition.DIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.058-Determinei

4、famarketattributeisacharacteristicofacompetitivemarketoramonopolisticallycompetitivemarket.TOPICS:  MonopolisticcompetitionKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  003.16.4-MC-MANK084. Whichtypeofmarketstructurehasthefewestnumberoffirms?ANSWER:  monopolyDIFFICULTY:  EasyLE

5、ARNING OBJECTIVES:  ECON.MANK.003-Analyzethebehaviorandmarketeffectsofmonopolies.TOPICS:  MonopoliesKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  004.16.4-MC-MANK085. Whichmarketstructure(s)include(s)manyfirmswithdifferentiatedproductswhocanenterandexitthemarketfreely?ANSWER:  

6、monopolisticcompetitionDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.058-Determineifamarketattributeisacharacteristicofacompetitivemarketoramonopolisticallycompetitivemarket.TOPICS:  MonopolisticcompetitionKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  005.16.4-MC-MANK086

7、. Describetheshapeofthemonopolisticallycompetitivefirm’sdemandcurve.ANSWER:  downwardslopingCopyrightCengageLearning.PoweredbyCognero.Page 15DIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.093-Examinemonopolisticallycompetitivefirms.TOPICS:  MonopolisticcompetitionKE

8、YWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  006.16.4-MC-MANK087. Economistsmeasureamarket’sdominat