Oxford University Press - Online Resource Centres

King: Economics

Chapter 11

Instructions

Answer the following questions and then press 'Submit' to get your score.

Question 1

Which of the following statements about industries that are oligopolies is false?

Question 2

Which of the following statements about duopolists in the Cournot model of oligopoly is false?

Question 3

Which of the following statements about duopolists in the Bertrand model of oligopoly is false?

Question 4

For which of the following does the kinked-demand curve theory not offer an explanation

Question 5

What is the definition of a Nash equilibrium?

Question 6

What is the key feature of a prisoners' dilemma game?

Question 7

Which of the following circumstances makes it harder for oligopolists to start engaging in cooperation without agreement?

Question 8

Which of the following statements about cheating on agreements is false?

Question 9

Which of the following statements about price leadership is false?

Question 10

Which of the following outcomes could not occur in a game with two layers who each have two available strategies?