I- access to more economic information than competitors
II- superior access to training and education
III- a lower discount of future earnings
IV- larger firm size
A. I and II only
B. II and III only
C. I, II and III only
D. I, II, III, and IV
Related Mcqs:
- Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costs are called ?
A. differential actions
B. cash transaction
C. arbitrage
D. forward transactions - Compared to a perfectly competitive market a monopoly market will usually generate ?
A. higher prices and lower output
B. higher prices and higher output
C. lower prices and lower output
D. lower prices and higher output - The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?
A. Adam Smith
B. David Ricardo
C. David Smith
D. Adam Ricardo - The Heckscher-Ohlin theory explains comparative advantage as the result of differences in countries ?
A. Economies of large-scale production
B. Relative abundance of various resources
C. Relative costs of labor
D. Research and development expenditures - Industrial policies intended to foster comparative advantage for domestic industries could result in the implementation of ?
A. research and development subsidies
B. loan guarantees
C. low interest rate loans
D. All of the above - In a monopoly, marginal revenue is ?
A. lower than price for all units other than the first
B. less than price at low levels of output and greater than price at high levels of output
C. always greater than price
D. always equal to price - In pure monopoly, what is the relation between the price and the marginal revenue ?
A. the price is greater than the marginal revenue
B. the price is less than the marginal revenue
C. there is no relation
D. they are equal - A natural monopoly has a declining _______ over a large range of output?
A. long run marginal cost
B. short run marginal cost
C. long run average cost
D. long run marginal cost - The social costs of monopoly power arises because ?
A. marginal cost is set equal to marginal revenue
B. price is less than marginal cost
C. marginal consumer benefit is less than marginal revenue
D. there is too little output at too high a cost - Groundnut crop is the monopoly of ____________?
A. Indonesia
B. Bangladesh
C. Pakistan
D. India
