Oxford University Press - Online Resource Centres

Gillespie: Foundations of Economics 2e

Unit 13

Instructions

Choose your answer by clicking the radio button next to your choice and then press 'Submit' to get your score.

Question 1

If a few firms dominate an industry the market is known as:

Question 2

In a cartel member firms may be given a fixed amount to produce. This amount is called a:

Question 3

In the Kinked Demand Curve theory it is assumed that:

Question 4

The Kinked Demand Curve theory assumes:

Question 5

In Game Theory:

Question 6

In the Kinked Demand Curve theory:

Question 7

In oligopoly

Question 8

A model of Game Theory of oligopoly is known as the:

Question 9

In cartels:

Question 10

In a cartel: