Principles+of+Economics,+7th+Edition+test+bank+题库+ Mankiw7e_TB_Ch17

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1、Oligopoly4457OligopolyMultipleChoice–Section00:Introduction1.Whichofthefollowingstatementsaboutoligopoliesisnotcorrect?a.Anoligopolisticmarkethasonlyafewsellers.b.Theactionsofanyonesellercanhavealargeimpactontheprofitsofallothersellers.c.Oligopolisticfi

2、rmsareinterdependentinawaythatcompetitivefirmsarenot.d.Unlikemonopoliesandmonopolisticallycompetitivemarkets,oligopoliespricesdonotexceedtheirmarginalrevenues.ANSWER:dPOINTS:1DIFFICULTY:Difficulty:EasyLEARNINGOBJECTIVES:ECON.MANK.15.82-LO:17-0NATIONALST

3、ANDARDS:UnitedStates-BUSPROG:AnalyticTOPICS:DISC:OligopolyKEYWORDS:BLOOM'S:Knowledge2.Inthelanguageofgametheory,asituationinwhicheachpersonmustconsiderhowothersmightrespondtohisorherownactionsiscalledaa.quantifiablesituation.b.cooperativesituation.c.str

4、ategicsituation.d.tacticalsituation.ANSWER:cPOINTS:1DIFFICULTY:Difficulty:EasyLEARNINGOBJECTIVES:ECON.MANK.15.82-LO:17-0NATIONALSTANDARDS:UnitedStates-BUSPROG:AnalyticTOPICS:DISC:GameTheoryKEYWORDS:BLOOM'S:Knowledge©2015CengageLearning.AllRightsReserved

5、.Maynotbescanned,copiedorduplicated,orpostedtoapubliclyaccessiblewebsite,inwholeorinpart.Oligopoly44571.Ingeneral,gametheoryisthestudyofa.howpeoplebehaveinstrategicsituations.b.howpeoplebehavewhenthepossibleactionsofotherpeopleareirrelevant.c.oligopolis

6、ticmarkets.d.alltypesofmarkets,includingcompetitivemarkets,monopolisticmarkets,andoligopolisticmarkets.ANSWER:aPOINTS:1DIFFICULTY:Difficulty:ModerateLEARNINGOBJECTIVES:ECON.MANK.15.82-LO:17-0NATIONALSTANDARDS:UnitedStates-BUSPROG:AnalyticTOPICS:DISC:Gam

7、eTheoryKEYWORDS:BLOOM'S:Knowledge2.Whichofthefollowingstatementsiscorrect?a.Strategicsituationsaremorelikelytoarisewhenthenumberofdecision-makersisverylargeratherthanverysmall.b.Strategicsituationsaremorelikelytoariseinmonopolisticallycompetitivemarkets

8、thaninoligopolisticmarkets.c.Gametheoryisusefulinunderstandingcertainbusinessdecisions,butitisnotreallyapplicabletoordinarygamessuchaschessortic-tac-toe.d.Gametheoryisnotnecessaryforunderstandingcompetitiveormonopolymarkets.ANSWE