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Gillespie: Foundations of Economics

Unit 14

Instructions

Choose your answers from a-d by clicking the radio button next to each choice and then press 'Submit' to get your score.

Question 1

In monopolistic competition:

Question 2

In monopolistic competition:

Question 3

In monopolistic competition firms profit maximise where:

Question 4

Which of the following is not one of the four Ps in marketing?

Question 5

Effective branding will tend to make:

Question 6

In monopolistic competition if firms are making abnormal profit other firms will enter and:

Question 7

In Porter's five forces model conditions are more favourable for firms within an industry if:

Question 8

If a firm takes over a competitor then, according to Porter's 5 forces model,:

Question 9

In marketing "USP" stands for:

Question 10

In monopolistic competition: