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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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When he was chosen for the real estate agent position, he sent us this thank you note:

“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.

Quiz 12

Navigation   » List of Schools  »  West Los Angeles College  »  Economics  »  Econ 001 – Principles of Microeconomics  »  Summer 2019  »  Quiz 12

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

Question #1
In the framework of an oligopoly, what strategy can work like a silent form of cooperation?
A  always match other cartel firms’ price cuts, but don’t match price increases
B  legally enforceable agreements
C  always match other cartel firms’ price increases, but don’t match price cuts
D  immediately match price increases
Question #2
Which of the following refers to firms’ ability to make the same pricing decisions without consulting each other?
A  malfeasance
B  price fixing
C  implicit collusion
Question #3
Firms in an oligopoly typically act more like ________.
A  business partners
B  shareholders
C  competitors
Question #4
Which of the following are advantages that firms could gain by working together as if they were a monopoly?,,
A  Firms can hold down industry output.
B  Firms can increase industry productivity.
C  Firms can charge a higher price.
Question #5
Oligopolistic markets:,,
A  are usually thought of as the most efficient market structures.
B  are characterized as having a small number of sellers.
C  typically have higher barriers to entry.
Question #6
For which of the following reason(s) are oligopolies inefficient?,,
A  They may lack incentives to provide innovative products and high-quality service​.
B  Typically they do not produce at the minimum of their average cost curves.
C  ​Barriers to entry can allow them to earn sustained profits over long periods of time​.
Question #7
Saudi Arabia, Venezuela, Qatar and others, are members of OPEC, which is best described as which of the following?
A  a monopoly
B  a cartel
C  an oligopoly
Question #8
Suppose circumstances have allowed several large firms to have all or most of the sales in an industry. Which of the following may be happening?,,
A  perfect competition
B  oligopoly
C  cartel
Question #9
________ arises when firms act together to reduce output and keep prices high.
A  Monopoly
B  Oligopoly
C  Cartel
Question #10
In the framework of an oligopoly, what strategy can work like a silent form of cooperation?
A  immediately match price increases
B  legally enforceable agreements
C  always match other cartel firms’ price increases, but don’t match price cuts
D  always match other cartel firms’ price cuts, but don’t match price increases
Question #11
In a prisoner’s dilemma, what type of behavior provides the most benefit for each individual?
A  cooperate
B  confess
C  remain silent
Question #12
How do oligopolies influence market inefficiencies?,,,,
A  Deadweight loss for society is increased.
B  Prices for these goods are artificially high.
C  The industry produces less output.
D  The industry makes higher profits.
Question #13
Firms in an oligopoly often:
A  make decisions based on the behavior or expected behavior of their competitors.
B  face perfectly elastic demand curves.
C  have no incentive to collude.
Question #14
In 2007, five or six major pharmaceutical companies formed a group in order to control the price of vitamins and adjust their production. Such an arrangement is called a ________.
A  Dominant strategy
B  Cartel
C  Monopoly
D  Duopoly
Question #15
In some cases oligopolies can benefit society by:
A  earning abnormal profits.
B  raising prices and reducing output.
C  taking advantage of scale economies to produce at low average cost.
Question #16
What is the greatest incentive for creating a oligopoly?
A  earn higher profits
B  provide innovative products
C  control the market
Question #17
Which of the practices listed are illegal in the United States?
A  collusion
B  oligopoly
C  monopoly
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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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