Sec 17.2 MC The Economics of Cooperation

Sec 17.2 MC The Economics of Cooperation

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时间:2019-09-23

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1、1. Whenfirmsarefacedwithmakingstrategicchoicestomaximizeprofit,economiststypicallyuse a. thetheoryofmonopolytomodeltheirbehavior. b. thetheoryofaggressivecompetitiontomodeltheirbehavior. c. gametheorytomodeltheirbehavior. d. carteltheorytomodeltheirbehavior.ANSWER:

2、  cDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.094-Examinethebehaviorofoligopolists.TOPICS:  GametheoryKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  001.17.2-MC-MANK082. Whenstrategicinteractionsareimportanttopricingandproductiondecisions,atypicalfirmwill a. set

3、thepriceofitsproductequaltomarginalcost. b. considerhowcompetingfirmsmightrespondtoitsactions. c. generallyoperateasifitisamonopolist. d. considerexitingthemarket.ANSWER:  bDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.012-Applybasic,economicprinciplesofindi

4、vidualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS:  GametheoryKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  002.17.2-MC-MANK083. Gametheoryisimportantfortheunderstandingof a. competitivemarkets. b. monopolies. c. oligopolies. d. allmarketstructures.A

5、NSWER:  cDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.094-Examinethebehaviorofoligopolists.TOPICS:  GametheoryKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  003.17.2-MC-MANK084. Gametheoryisnecessaryforunderstanding a. allmarketstructures. b. competitionandoligopo

6、ly,butitisnotnecessaryforunderstandingmonopoly. c. monopolyandoligopoly,butitisnotnecessaryforunderstandingcompetition. d. oligopoly,butitisnotnecessaryforunderstandingmonopolyorcompetition.ANSWER:  dDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.094-Examinethebe

7、haviorofoligopolists.TOPICS:  GametheoryCopyrightCengageLearning.PoweredbyCognero.Page 59KEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  004.17.2-MC-MANK085. Theprisoners'dilemmaprovidesinsightsintothe a. difficultyofmaintainingcooperation. b. benefitsofavoidingcoopera

8、tion. c. benefitsofgovernmentownershipofmonopoly. d. easewithwhicholigopolyfirmsmaintainhighprices.ANSWER:  aDIFFICULTY:  ModerateLEARNING OBJECT

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