A-Level经济真题每期一练(22)

本文探讨了完全竞争市场的定义特征,比较了与垄断竞争的区别,并通过真题实例分析了价格制定、市场响应等行为。了解企业如何作为价格接受者、行业准入自由等关键要素。

上期真题答案:1.D 2.C 3.E 4.C 5.D

接下来是今天的真题,一起练起来呀~

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2. Which of the following is a defining characteristic of a perfectly competitive industry?

A advertisements by well known celebrities

B persistent economic profits in the long run

C higher prices being charged for certain name brands

D no restrictions on entryinto the industry     

3. The table shows some of the assumptions of perfect competition and monopolistic competition. Which pairing is correct? 

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4. Which feature does a contestable market share with a perfectly competitive market?

A Firms must be price takers.

B Firms must operate on a small scale.

C There must be freedom of entry to and exit from the industry.

D There must be many firms inthe industry. 

5 A firm selling microchips is operating under conditions of perfect competition.

The market price is below the firm’s average variable costs. The immediate response of this firm will be to

A raise its price

B shut down

C reduce output and cut its price

D keep its price and output unchanged

E cut its price and increase output 

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