Reference no: EM133201845
Assignment:
Multiple-choice questions, each question have three option A, B, C and D. for each question choose only one option.
Q1: A pricing practice in which a firm charges a lower price for an exported good than it does for the same good sold domestically.
a) monopoly
b) dumping
c) Strategies for business
d) Market imperfection
Q2: The monopolistic competition model can be used to show how trade leads to:
a) A lower average price due to scale economies
b) The availability of a greater variety of goods due to product differentiation
c) Imports and exports within each industry (intra-industry trade)
d) All above
Q3: Is a market form in which a market or industry is dominated by a small number of sellers who likely to be aware of the actions of the others and can influence price or quantity sold.
a) Monopoly
b) Oligopoly
c) Macro view
d) Micro view
Q4: Perfect market competition
a) Each firm is assumed to take the prices charged by its rivals as given.
b) A special case of oligopoly.
c) Each firm is assumed to be able to differentiate its product from its rivals.
d) All above are wrong
Q5: In case of monopoly marginal revenue curve with demand lies.
a) below
b) above
c) left
d) right
Q6: For the firms in the Imperfect competition.
a) Firms are aware that they can influence the price of their product.
b) They know that they can sell more only by reducing their price.
c) Each firm views itself as a price setter, choosing the price of its product, rather than a price taker.
d) All above
Q7: When all the moves of the game are known to the players when they make their move.
a) Imperfect information.
b) Simultaneous games
c) Deterministic
d) perfect Information
Q8: The number of firms in a monopolistically competitive industry and the prices they charge are affected by
a) Decrease market size
b) Increase market size
c) efficient market
d) optimal market
Q9: Lower prices is the benefit of price competition to
a) Consumer
b) Producer
c) Firms
d) Household
Q10: In imperfect competition the marginal revenue is always ... the price?
a) Equal
b) Greeter
c) Less
d) Equal and less
Q11: Product Differentiation is about....
e) Customer Perception
f) Seller Perception
g) Market Perception
h) Bundling Perception
Q12: Market segmentation, Market sealing and Multiple demand elasticities are............ for Price discrimination
a) Elements
b) tactics
c) Objectives
d) Conditions
Q13: Is profitable only when the Percentage change in surplus associated with a product upgrade is increasing the consumer willingness to pay
a) Price discrimination
b) Product Bundling
c) Strategies for network
d) Marketing branding
Q14: Dynamic pricing is based on market _________at that given moment.
a) Market size
b) Market demand
c) Market conditions
d) None of above
Q15: Price discrimination is based on _________ characteristics.
a) Customers
b) Producer
c) Suppliers
d) a and b
Attempt all questions each question carries equal marks.
Q1: Write all the types of advertising in detail?
Q2: What is the goal and objective of advertising?
Q3: What is Monopoly, explain in details?
Q4: List main types of market structure?