Perfect Competition
Assessment
•
Bekah Selby
•
Social Studies, Other
•
University
•
72 plays
•
Medium
Student preview
10 questions
Show answers
1.
Multiple Choice
MC crosses the ATC and AVC
where you draw it
at its lowest point
where MR=MC
None of the above
2.
Multiple Choice
Which of the following markets is closest to perfectly competitive?
airlines
wheat
cell phones
textbooks
3.
Multiple Choice
Which of the following is NOT an assumption of perfect competition
perfect information
free entry and exit
different goods
lots of buyers/sellers
4.
Multiple Choice
Sellers offer a nearly identical product
Anyone can start a dairy farm or leave the dairy business at any time
Many people buy and sell milk
All of the above
5.
Fill in the Blank
The market price is $10. Marginal revenue for the 10th unit would be
Explore all questions with a free account
Find a similar activity
Create activity tailored to your needs using
.svg)
Perfect Competition
•
University
Perfect Competition
•
9th Grade - University
Intro to Perfect Competition
•
University
Perfect Competition
•
12th Grade - University
Perfect Competition Pre-test
•
11th Grade - University
Perfect competition and monopolistic competition
•
University
Perfect Competition
•
University
Perfect competition-1
•
University