Tackle the Test: Multiple-Choice Questions

  1. Question

    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
    Which of the following is true for a perfectly competitive industry?
  2. Question

    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
    Which of the following is true for a monopoly?
  3. Question

    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
    Which of the following is true for an oligopoly?
  4. Question

    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
    Which of the following is true for a monopolistically competitive industry?
  5. Question

    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
    Which of the following is an example of differentiated products?