n S H a Cannot attempt exam Lost time due to internet outage Any other issues no covered above Contact Insearch Exams department via:Email: Exams@insearch.edu.au or Call +61 02 9218 4946 D Question 21 Identify the statement which is TRUE from the following: s O a monopoly firm is a price taker and produces homogeneous goods O a monopoly firm has a downward sloping curve and is a price maker elp now O a monopoly firm produces at the level which average total cost is at the minimum O a monopoly firm has an upward-sloping supply curve and is a price taker < Previous EAST Saved at 9:57 S N 1 i Cannot attempt exam S03 Lost time due to internet outage uncements Any other issues no covered above ules Contact Insearch Exams department via:Email: Exams@insearch.edu.au or Call +61 02 9218 4946 gnments zzes des scussions Question 22 tendance gBlueButton A monopolistically competitive has some market power because: Collaborations yllabus Get study help now (Studiosity) O their goods produced are homogeneous and there are perfect substitutes. O their goods produced are differentiated even though there are substitutes O they are a strong price maker because there are no close substitutes O their demand for the product is perfectly elastic Previous F3 F2 ESC S FL J % B msi T F2 1 pts Next Not saved Submit quiz LE ms fide F 12 FB G I I D K E rice aw irect sum falls F11 S lp now Cannot attempt exam Lost time due to internet Your browser does not meet the minimum requirements for Canvas. Please visit the Canvas Community for a complete list of supported browsers. Any other issues no covered above Contact Insearch Exams department via:Email: Exams@insearch.edu.au or Call +61 02 9218 4946 Question 23 3 1 pts When marginal revenue is equal to marginal cost, a firm in a competitive market produces output at the level that: O breaks even O minimises average total cost maximises revenue O maximises profit Previous F3 N TL % msi > F6 F7 G 7 7 Next Not saved Submit quiz I F1 A aro ect r mpt [ fita shi Onapic to pass the race recognition Checking Cannot attempt exam Lost time due to internet Your browser does not meet the minimum requirements for Canvas. Please visit the Canvas Community for a complete list of supported browsers. Any other issues no covered above Contact Insearch Exams department via:Email: Exams@insearch.edu.au or Call +61 02 9218 4946 Question 24 S In the long-run persistent increases in aggregate demand will: lp now O result in high inflation with no changes in real GDP O result in deflation with no changes in real GDP O result in stagflation and fall in price level O result in inflation with no changes in total spending ESC 1 Previous 2 3 % C msi T D F7 I 1 pts Next Not saved Submit quiz 47 7 I K E P [ PRT SCE BACKSPRO ALT GR FN now ESC Unable to pass the face recognition checking Cannot attempt exam Lost time due to internet Your browser does not meet the minimum requirements for Canvas. Please visit the Canvas Community for a complete list of supported browsers. Any other issues no covered above Contact Insearch Exams department via:Email: Exams@insearch.edu.au or Call +61 02 9218 4946 Question 25 GDP includes the value of final goods, and not intermediate goods, because: O the value of intermediate goods is measured by Gross National Product the value of intermediate goods is already included in the value of final goods O the value of intermediate goods is too difficult to measure O the value of intermediate goods is measured by Gross National Income Previous 1 2 F3 T4 J % FS B msi 7 E 7 T LF I 1 pts Next Not saved Submit quiz [ H Y E D P ALT GR