Sec 17.3 MC Public Policy toward Oligopolies

Sec 17.3 MC Public Policy toward Oligopolies

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时间:2019-09-23

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1、1. Fromsociety’sstandpoint,cooperationamongoligopolistsis a. desirable,becauseitleadstolessconflictamongfirmsandawidervarietyofproductsforconsumers. b. desirable,becauseitleadstoanoutcomeclosertothecompetitiveoutcomethanwhatwouldbeobservedintheabsenceofcooperation. c. undesirable,bec

2、auseitleadstooutputlevelsthataretoolowandpricesthataretoohigh. d. undesirable,becauseitleadstooutputlevelsthataretoohighandpricesthataretoohigh.ANSWER:  cDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.094-Examinethebehaviorofoligopolists.TOPICS:  OligopoliesKEYWORDS:  BLOOM'S:C

3、omprehensionCUSTOM ID:  001.17.3-MC-MANK082. Alawthatencouragesmarketcompetitionbyprohibitingfirmsfromgainingorexercisingexcessivemarketpoweris a. apatent. b. impossibletoenforce. c. anantitrustlaw. d. anexternalitylaw.ANSWER:  cDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.211-Gi

4、venascenario,determinewhichantitrustlawisviolated.TOPICS:  OligopoliesKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  002.17.3-MC-MANK083. Theprimarypurposeofantitrustlegislationisto a. protectsmallbusinesses. b. protectthecompetitivenessofU.S.markets. c. protectthepricesofAmerican-madeprodu

5、cts. d. ensurefirmsearnonlyafairprofit.ANSWER:  bDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.211-Givenascenario,determinewhichantitrustlawisviolated.TOPICS:  OligopoliesKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  003.17.3-MC-MANK084. Supposethatantitrustlawsweresuccessfulinm

6、ovingtheallocationofresourcesinthecomputersoftwareindustryclosertothesocialoptimum.ThissituationwouldillustratewhichofthefollowingTenPrinciplesofEconomics? a. Tradecanmakeeveryonebetteroff. b. Thecostofsomethingiswhatyougiveuptogetit. c. Governmentscansometimesimprovemarketoutcomes. 

7、d. Acountry’sstandardoflivingdependsonitsabilitytoproducegoodsandservices.ANSWER:  cDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.224-Givenascenario,identifywhichprincipleofeconomicCopyrightCengageLearning.PoweredbyCognero.Page 16interactionbestdescribesit.TOPICS:  OligopoliesKEYW

8、ORDS:  BLOOM

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