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Please answer the question , do not required explanation , just answer choice Microeconomics True / False .......1. In the long run, manufacturers in the

Please answer the question , do not required explanation , just answer choice

Microeconomics

True / False

.......1. In the long run, manufacturers in the semi-competitive, semi-monopoly market will produce at the point of efficient production. no economic profit

.........2. The price of goods sold to foreign tourists is higher than the price of goods sold to Thai people because the price elasticity of demand for goods of tourists is higher than the price elasticity of goods of Thai people.

.........3. When there is an increase in production, the total revenue of the manufacturer may decrease.

......4. Producers in a monopoly market produce fewer products and set a higher price than producers in a completely competitive market.

.....5. The demand curve of producers in the fully competitive market is steeper than the demand of producers in the semi-competitive, semi-monopoly market.

622.True or False

......a. In the event that the products traded in the completely competitive market are different, the manufacturer will determine the price (Price Maker). .......b.In a perfectly competitive market, buyers and sellers can enter and exit the market freely.

.......c. The producer will always profit from production if the production at the point of production at the marginal cost equals the marginal income.

.......d.In short production If the marginal cost of production is higher than the gross profit from production Producers in a completely competitive market should stop production (Shut down).

......e . In the short term, manufacturers in a completely competitive market may lose or profit.

54. In the past, there was a cabinet resolution that the government officials who had to travel by plane to fly only state airlines making the state a major customer of the airline According to the principle of price discrimination, you compare the prices of air tickets that the general public pays. with the ticket price paid by the state For travel on the aircraft of the said airline

Select one: a. The state can buy it more expensively. b. Each time the price may not be the same. but on average the same price c. the same price d. The state can buy it cheaper. because it is a major shareholder and a major customer e. Depends on how many other competing airlines are flying on the said route and time.

555. Compare long-term equilibrium of large seller market monopolistic competition and competitive market where all other factors are the same (all answers are correct)

Select one or more: a. Producers in both markets produce products at an efficient scale, i.e. with the lowest average cost. b. The price in the multi-seller market is the same as the competitive market price. c. Products in a market with a large number of sellers will have more variations than in a competitive market. d. The producer will have an economic profit near zero. e. For each manufacturer in a competitive market will produce more products than manufacturers in the market, many sellers

640. What is the dominance of the market? (Answer all correct answers)

Select one or more: a. Company A, Company B and Company C, which are the three major service providers, had a combined market share of 75% in the past year and had revenue from services of 1,000 million baht in the past year. b. Company A, Company B and Company C, which are the three major service providers, had a combined market share of 70% last year and had revenue from services last year of 2,000 million baht. c. Company B, the only one, having a market share of the product in the last year of 50% of the product and having sales in the last year of 1200 million baht. d. Company A, the only one, having a market share of the last year's products of 50% and having sales in the last year of 500 million baht.

711. Which of the following is correct about corrective tax and Command and control Policy?

Select one or more: a. None of the above is correct. b. Command and control policy is the use of market mechanisms to incentivize changes in resource allocation. c. Command and control Policy is more effective than Corrective Tax. d. Corrective Tax is more effective than Command and control Policy. e. Corrective Tax has a positive effect on government revenue.

1822. Which of the following is incorrect? according to the principles of economic cost analysis (Answer all correct answers)

Select one or more: a. Zero economic profit Operators can still continue to produce. b. Economic costs are only those costs that are in monetary terms and are accepted in accounting. c. Zero economic profit That means the operator will also lose accounting. d. Economic cost equals accounting cost plus opportunity cost. e. Economic costs are usually higher than accounting costs.

733. Which of the following is the effect of a positive externality when considering the external benefits?

Select one: a. cause the demand curve of the goods causing a positive external impact to move to the right b. None of the above is correct. c. move left d. cause the supply curve of the product that causes a positive external impact move left e. Does not affect the Demand and Supply curves

522. In the overall economy, might a natural monopoly market be better than a competitive market?

Select one: a. Lower average cost b. Develop technology faster because the profits made can be used to invest in research and development c. Producers in monopoly markets are profitable, enabling long-term service while in competitive markets, producers are unprofitable in the long run. As a result, there will be no production of goods or services in the end. d. for the overall economy A competitive market is better than a monopoly market. because there is a cheaper price and the quantity of goods or services is greater e. All correct

499. Articles are guidelines that governments should use to solve the problem of monopolistic market power. (Answer all correct answers)

Select one or more: a. Concession Agreement b. Competition Laws c. Protection of intellectual property, both patents and copyrights. d. State enterprises to produce goods or services e. price control

355.Long-run supply curve in competitive markets how to get it If the production cost structure is fixed (Answer all correct answers)

Select one or more: a. average variable cost curve b. Marginal cost curve c. minimum average total cost d. average total cost curve e. when the business loses

300.In a competitive market, in theory, if the production cost structure is constant, in the long term, what is the price elasticity of market supply?

Select one: a. one b. Center c. infinity d. less than one e. more than one

355.In a competitive market, in theory, if the production cost structure is constant, in the long term, what is the price elasticity of market supply?

Select one: a. one b. Center c. infinity d. less than one e. more than one

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