Econ 1002 quiz week 2 - Study guides, Class notes & Summaries
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ECON 1002 Quiz Week 2.Graded A+
- Exam (elaborations) • 458 pages • 2021
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ECON 1002 Quiz Week 2
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ECON 2001 Week 3 MidTerm With Answers ( LATEST UPDATE )
- Exam (elaborations) • 9 pages • 2021
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User	Glenn Hayden 
Course	ECON-1002-3/MGMT-3503-3-Microeconomics2018 Spring Qtr 02/26-05/20-PT5 
Test	Exam - Week 3 
Started	4/26/18 12:29 PM Submitted	4/26/18 12:56 PM Due Date	4/30/18 1:59 AM Status	Completed 
 
Attempt Score 
Time Elapsed 
 
100 out of 100 points 
 
26 minutes out of 2 hours and 30 minutes 
 
Instructions	Please answer each question below and click Submit when you have completed the Quiz. 
 
Results Displayed 
 
Submitted Answers, Correct Answers, Feedback 
 
 
 
A dem...
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ECON 1002 WEEK 5 QUIZ – QUESTION AND ANSWERS. 2021
- Exam (elaborations) • 4 pages • 2021
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ECON 1002 WEEK 5 QUIZ – QUESTION AND ANSWERS 
•	Question 1 
3 out of 3 points 
 
 
	An industry in which a small number of large firms sell products that are either close or perfect substitutes is:			 
	Selected Answer: 	 
an oligopoly. 
Correct Answer: 	 
an oligopoly. 
			 
•	 Question 2 
3 out of 3 points 
 
 
	Which of the following characteristics distinguishes an imperfectly competitive industry from a perfectly competitive industry?			 
	Selected Answer: 	 
The ability of fir...
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ECON 1002 WEEK 4 QUIZ WITH ANSWERS – MGMT 3503 (30/30)
- Exam (elaborations) • 3 pages • 2021
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ECON 1002 WEEK 4 QUIZ WITH ANSWERS – MGMT 3503 (30/30) 
• Question 1 
3 out of 3 points 
	 
	Suppose the market price of lobster suddenly increases substantially. We can expect that most lobstermen will:			 
	Selected Answer: 	 
spend more hours catching lobster and supply more lobsters. 
Correct Answer: 	 
spend more hours catching lobster and supply more lobsters. 
			 
• Question 2 
3 out of 3 points 
	 
	All of the following are characteristics of perfectly competitive markets ex...
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