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Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

People go to websites to get the information they desperately need.  They could be looking for an answer to a nagging question.  They might be looking for help in completing an important task.  For recent graduates, they might be looking for ways on how to prepare a comprehensive resume that can capture the attention of the hiring manager

Manush is a recent graduate from a prestigious university in California who is looking for a job opportunity as a real estate agent.  While he already has samples provided by his friends, he still feels something lacking in his resume.  Specifically, the he believes that his professional objective statement lacks focus and clarity. 

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“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush’s story shows the importance of using powerful keywords to his resume in landing the job he wanted.

Monopoly Ch 8 quiz

Navigation   » List of Schools  »  Glendale Community College  »  Economics  »  Econ 101 – Microeconomics  »  Fall 2022  »  Monopoly Ch 8 quiz

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Below are the questions for the exam with the choices of answers:

Question #1
The demand curve facing a monopolist is
A  identical to the market demand curve for the good.
B  perfectly inelastic at the market price.
C  horizontal at the market price.
D  exactly twice as steep as the market demand curve for the good.
Question #2
To be a natural monopoly, a firm must
A  have a continuously falling average cost curve as output rises.
B  control an essential natural resource input.
C  be very large.
D  have falling average costs over a substantial range of total market demand.
Question #3
The South African diamond production monopoly is an example of monopoly through
A  legal restriction.
B  large sunk costs.
C  control of scarce resources.
D  “patent power.”
Question #4
A monopolist can sell 10 wangdoodles if he charges $10 per wangdoodle and 11 wangdoodles if he charges $9. The MR from selling the 11th wangdoodle is
A  $9.
B  $99.
C  $1.
D  -$1.
Question #5
What is true for monopoly that is not true for perfect competition?
A  The industry demand curve is downward sloping.
B  Profit is maximized where MR = MC.
C  The firm and the industry are exactly the same entity.
D  Positive economic profits may be earned in the short run.
Question #6
Compared to a perfectly competitive firm, a monopolist
A  usually produces an inefficiently small level of output.
B  is less likely to face government regulation.
C  will, according to Schumpeter, invest fewer resources in research and development.
D  is less likely to advertise.
Question #7
A monopolist is best described as a price
A  follower.
B  searcher.
C  taker.
D  maker.
Question #8
The key element in preserving a monopoly is
A  guaranteeing availability of substitute products.
B  keeping potential rivals out of the market.
C  government subsidy of critical enterprises.
D  increased advertising expenditure.
Question #9
Which of the following is not potentially a barrier to entry into the widget market?
A  massive advertising by existing widget producers
B  government licensing of widget producers
C  patent protection on the design of widgets
D  high prices for widgets
Question #10
The marginal revenue curve for a monopolist is
A  always above the demand curve.
B  always above the average revenue curve.
C  generally below the average cost curve.
D  always below the demand curve.
Question #11
A profit-maximizing monopolist sets
A  her output where MC = MR.
B  All of the choices are correct
C  None of the choices are correct
D  her product’s price where MC = MR.
Question #12
Pure monopoly is defined as a
A  market structure created by special government sanctions.
B  market structure in which there are many substitute products.
C  market structure maintained by entry of many rival firms.
D  one-firm industry.
Question #13
Providing medical services for smaller fees to the poor than to the rich is
A  benevolent pricing.
B  misplaced charity.
C  social pricing.
D  price discrimination.
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“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush
Fresh Graduate
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