CHOOSE THE BEST ANSWER: NO EXPLANATION NEEDED.

23) The doctrine of production in competitive brands

a) the consumer obliges the adoption of efficient production techniques

b) the consumer favors the largest number of available products and achievable prices

c) the consumer favors quality products, amenities and performance

d) the consumer looks for a high price and a low quantity

24) Competitive monopoly markets are distinguished by

a) increased competition

b) a single homogeneous product and only one producer

c) so many buyers and sellers that no one can put price control

d) a reduced number of companies controlling the market price

25) Competitive oligopoly markets are distinguished by

a) increased competition

b) a single product and producer

c) so many buyers and sellers that no one can put price control

d) a reduced number of companies controlling the quantity to affect market price

26) More competition

a) Less quantity

b) Greater efficiency

c) Greater technology

d) Lower price

27) Market theory postulates the freedom to trade as:

a) Capacity to judge properly but will not be able to have the economic resource

b) those of the minor, ability to make mortgage loans and with co-debtor

c) capacity to contract and capacity to dispose of the economic resource

d) ability to buy and ability to make loans

28) The ability to contract, which is established as a minimum in the contract

a) ability to obtain, control, use and dispose of the resource or product

b) ability to borrow and ability to dispose of the resource only

c) freedom to negotiate, business, self-interest and free choice

d) ability to marry, control society, employ children and dispose of the inheritance

29) The joint products in the elaboration (join product) are those

a) made simultaneously, with one main and the others being by-products

b) combos (mixed), a main product combined with others, but a single price

c) where there is a common processing up to a point (split point) and from now on other products are created

d) that the additional use of one increases the demand for other resources

30) Top product on the market

a) those that are directly related to consumer income

b) low quality, damaged, low prices, especially with defects

c) those that are inversely related to consumer income

d) a good, nice and cheap product to seek the maximum profit