How does a competitive market work? – Lesson 2

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- Collège
  - A Working Holiday
  - Video Games : A Billion Euro Industry
- Lycée
Grammaire
- Cycle 4
  - Le groupe verbal
    - Pouvoir et permettre avec CAN
    - Conseiller en utilisant SHOULD ou OUGHT TO
Vocabulaire
- Cycle 4
  - Les goûts et les dégoûts
- Lycée
  - Connecteurs logiques

How does a competitive market work? – Lesson 2

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Question 1 de 15

1. Question
How many companies are involved in a monopoly?
- Zero
- One
- Five
- 10-50
Exact

Inexact
Question 2 de 15

2. Question
What is the nature of the product sold in a pure and perfect competition market?
- Differentiated.
- Homogenous.
- Unique.
- Partially unique.
Exact

Inexact
Question 3 de 15

3. Question
How would you describe the freedom of entry in an oligopoly?
- Restrained.
- Blocked.
- Completely free.
- Non-homogenous.
Exact

Inexact
Question 4 de 15

4. Question
What is “copyright”?
- A law forbidding copying property.
- Unwritten rules about ownership.
- A list of punishments for stealing intellectual property.
- A collection of rights held by an owner.
Exact

Inexact
Question 5 de 15

5. Question
What is an “institution”?
- A company which is based in France.
- A structure without regulations.
- A structure with certain stability based on rules.
- A set of laws on a company.
Exact

Inexact
Question 6 de 15

6. Question
Why is trust necessary for the achievement of market exchanges?
- It reduces the cost of contracts.
- It places the responsibility on the seller.
- It turns the market into a monopoly.
- It makes it easier to enter an oligopoly.
Exact

Inexact
Question 7 de 15

7. Question
Which market is the CRE responsible for regulating?
- Rail.
- Communication.
- Competition.
- Electricity.
Exact

Inexact
Question 8 de 15

8. Question
Which market is ARCEP responsible for regulating?
- Rail.
- Communication.
- Competition.
- Electricity.
Exact

Inexact
Question 9 de 15

9. Question
Which market is ARAF responsible for regulating?
- Rail.
- Communication.
- Competition.
- Electricity.
Exact

Inexact
Question 10 de 15

10. Question
What are homogeneous products?
- Products that are closely related.
- Products that are completely different.
- Products that are identical.
- Products produced in a monopoly.
Exact

Inexact
Question 11 de 15

11. Question
What are differentiated products?
- Products that are closely related.
- Products that are completely different.
- Products that are identical.
- Products produced in a monopoly.
Exact

Inexact
Question 12 de 15

12. Question
What type of market is electronics and take-away coffee traded in?
- Pure and perfect competition.
- Monopolistic competition.
- Oligopoly.
- Monopoly.
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Inexact
Question 13 de 15

13. Question
Which of the following are NOT a requirement for a competitive market?
- A large number of suppliers and applicants.
- The free entry and exit of suppliers and applicants.
- Rules and regulations set by states.
- Non-differentiation of products.
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Inexact
Question 14 de 15

14. Question
Why is copyright threatened by the internet?
- It has stopped companies from producing physical media.
- It makes people more inclined to steal.
- It has encouraged downloading.
- It has practically eliminated reproduction costs.
Exact

Inexact
Question 15 de 15

15. Question
Which is NOT a reason that the market is an institution?
- Individuals are free to compete.
- It needs rules and conventions.
- Each individual finds it already formed.
- The rules of law are imposed on individuals.
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How does a competitive market work? – Lesson 2

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