Question 1

Which of the form of monopoly regulation is the most advantages to the consumer

Accepted Answer

Price control, when implemented effectively, can directly limit the price a monopoly can charge, potentially making goods or services more affordable to consumers. This approach can prevent monopolies from setting excessively high prices.

Question 2

The monopolist who is in

Accepted Answer

The answer of The monopolist who is in
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Question 3

In long run the monopolist can earn abnormal profit because of

Accepted Answer

Monopolists can earn abnormal profits in the long run primarily because of blocked entry, which prevents new competitors from entering the market and driving profits down to normal levels.

Question 4

Price discrimination under monopoly is of

Accepted Answer

Price discrimination under monopoly is typically categorized into three types: first-degree (or perfect), second-degree, and third-degree price discrimination. Each type involves charging different prices based on different criteria, such as willingness to pay, quantity purchased, or customer segment.

Question 5

The market in which there is a single seller is called

Accepted Answer

A monopoly market structure is characterized by a single seller who has exclusive control over a particular product or service, making it the only provider in the market.

Quiz 3: Monopolistic Competition and Monopoly

Which of the form of monopoly regulation is the most advantages to the consumer

The monopolist who is in

In long run the monopolist can earn abnormal profit because of

Price discrimination under monopoly is of

The market in which there is a single seller is called