Perfectly competitive market, the maximum price, the market characteristics of monopoly

Prices on a perfectly competitive market is relatively fixed because ...
a. price is determined by the strength of the seller
b. price is determined by the power purchaser
c. type of goods bought and sold many
d. the seller and buyer can not affect each other
e. homogeneous type of goods bought and sold.

Goods are bought and sold in a perfectly competitive market is ...
a. homogeneous
b. heterogeneous
c. substitution
d. different shades
e. complementary.

If the government sets a maximum price, in order to protect ...
a. producer
b. consumer
c. government
d. Tax authorities
e. company.

Sellers in a perfectly competitive market acts as a ...
a. price takers
b. price maker
c. determinant of price
d. enhancing price
e. manufacturer's price to be stable.

When the price per unit of production equal to the average cost, the company ...
a. suffer losses
b. close down
c. benefit more
d. normal profit
e. maximum benefit.

The following are the characteristics of a monopoly market is ...
a. buyers determine the market
b. there is only one seller in the market
c. companies can not set the price
d. the government does not intervene in the market
e. there are no significant barriers for new firms to enter the market.

Although considered ugly monopoly, monopoly also has merit, namely ...
a. can raise the cost of production
b. equitable distribution of income
c. the lack of exploitation of consumers
d. can conduct research and development
e. not short-term gain and long term.

Interference by government in the form of a monopoly market can ...
a. provision of capital
b. supply of raw materials
c. promotion and advertising
d. minimum pricing
e. maximum pricing.

Government established rival companies and open the tap to import similar goods. This is a way for the government to overcome ...
a. oligopoly
b. monopoly
c. monopsony
d. perfect competition
e. monopolistic competition.

Monopoly market demand curve is ...
a. vertical
b. horizontal
c. horizontal
d. ascending from the lower left to the upper right
e. decreases from top left to bottom right.

PT PLN could be a monopolist in the electricity sector in Indonesia because ...
a. limited market
b. have a patent
c. have a business license
d. control of raw materials
e. monopoly granted by the government.