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Here are the best resources to pass ECON 201 Microeconomics for Business (ECON201). Find ECON 201 Microeconomics for Business (ECON201) study guides, notes, assignments, and much more.
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American Military University > ECON201: Final Exam – 98% CURRENTLY UPDATED 2021.
Exam (elaborations) • 19
pages
• 2021
ECON201: Final Exam – 98% Overall Grade (highest attempt): 157.5 / 160 - 98.44 % Question 1 5/5 One defining characteristic of pure monopoly is that: The monopolist is a price taker The monopolist uses advertising There is relatively easy entry into the industry, but exit is difficult Question 2 5/ 5 Which is a barrier to entry? Close substitutes Diseconomies of scale Price-taking behavior Question 3 5/5 Other things equal, which reduces competition in an industry? Freedom of entry for new fir...
American Military University > ECON201: Final Exam – 98% CURRENTLY UPDATED 2021.
Last document update:
ago
ECON201: Final Exam – 98% Overall Grade (highest attempt): 157.5 / 160 - 98.44 % Question 1 5/5 One defining characteristic of pure monopoly is that: The monopolist is a price taker The monopolist uses advertising There is relatively easy entry into the industry, but exit is difficult Question 2 5/ 5 Which is a barrier to entry? Close substitutes Diseconomies of scale Price-taking behavior Question 3 5/5 Other things equal, which reduces competition in an industry? Freedom of entry for new fir...
American Military University > ECON201: Final Exam – 98%
Exam (elaborations) • 8
pages
• 2021
ECON201: Final Exam – 98%

Overall Grade (highest attempt): 157.5 / 160 - 98.44 %





Question 1	5/5

One defining characteristic of pure monopoly is that: The monopolist is a price taker

 The monopolist uses advertising







 There is relatively easy entry into the industry, but exit is difficult



Question 2	5/5

Which is a barrier to entry?



 Close substitutes



 Diseconomies of scale







 ...
American Military University > ECON201: Final Exam – 98%
Last document update:
ago
ECON201: Final Exam – 98%

Overall Grade (highest attempt): 157.5 / 160 - 98.44 %





Question 1	5/5

One defining characteristic of pure monopoly is that: The monopolist is a price taker

 The monopolist uses advertising







 There is relatively easy entry into the industry, but exit is difficult



Question 2	5/5

Which is a barrier to entry?



 Close substitutes



 Diseconomies of scale







 ...
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