Market definition, perfect competition, market monopoly, oligopoly

Market means ...
a. place to sell various goods
b. where to buy a variety of goods
c. place for buying and selling a variety of goods
d. meeting place for sellers and buyers
e. the sellers and buyers to a transaction.

Prices of goods in a perfectly competitive market is influenced by ...
a. buyer
b. seller
c. producer
d. government
e. market mechanism.

High price level in a perfectly competitive market would happen if ...
a. consumer income rose
b. sellers will raise prices
c. supply and demand little
d. government set a high price
e. offers little and demand much.

In a monopoly market, price is determined ...
a. seller
b. buyer
c. demand
d. government
e. offers.

It should be considered by companies in order to monopolize the market is ...
a. changes in the distribution
b. changes in prices of goods
c. the emergence of alternative prices of goods
d. production cost overruns
e. the emergence of complementary goods.

The various brands of electronic goods indicate that the goods have a market ...
a. oligopoly
b. monopoly
c. monopsony
d. monopolistic
e. perfect competition.

The existence of some shampoo products that have different advantages that can not be achieved other shampoo. Shape the market over the shampoo product is ...
a. duopoly
b. oligopoly
c. monopoly
d. monopolistic
e. perfect competition.

Price competition in oligopolistic markets will hurt manufacturers. Steps that must be taken is the manufacturer ...
a. doing advertising
b. reduce production costs
c. raise the price as high
d. ask for protection from government
e. set the price as low as possible.

Factors leading to price in an oligopoly market is higher than in a perfectly competitive market is ...
a. the high cost of production
b. the amount of goods produced little
c. demand for the goods sold high
d. high quality of traded goods
e. the oligopolistic agreement to control prices.

Characteristic of monopolistic market competition is ...
a. properties of homogeneous goods
b. There are many sellers
c. do not need a sales pitch
d. price is determined by the manufacturer
e. there are barriers to entry into the market.