D superficial 1.1.2 Unit cost is also known as ... cost. marginal total average variable 1.1.3 Freedom of entry is a characteristic of a(n) ... A monopoly. B oligopoly. C duopoly. D perfect market. 1.1.4 In comparison with perfect competition, a monopoly will ... produce more and ask a lower price. A B produce less and ask a lower price. C produce less and ask a higher price. D produce more and ask a higher price. 1.1.5 When one dominant firm changes the price and others follow, it regarded as price ... A leadership. B -taker. C differentiation. D discrimination. 1.1.6 A firm cannot recover ... costs should it leave the industry. A variable B sunk fixed D total