Market Dynamics QuizOnline version Test your knowledge on monopolistic behavior and competition laws! by Munis 1 What is predatory pricing? a Selling products at artificially low prices to drive out competitors. b Offering discounts to loyal customers. c Setting prices based on production costs. d Increasing prices to maximize profits. 2 What is cartel/collusive behavior? a Firms independently setting their own prices. b Firms working together to restrict competition. c Businesses collaborating on product development. d Companies competing aggressively for market share. 3 What does abuse of dominant position involve? a Expanding product lines to increase sales. b Using market power to restrict competition. c Lowering prices to attract more customers. d Encouraging new entrants into the market. 4 What is the main goal of antitrust law? a To encourage mergers and acquisitions. b To promote and maintain market competition. c To regulate prices in all industries. d To support monopolistic practices. 5 What is an example of abuse of dominance? a A company offering free trials to attract users. b A firm using market power to undercut smaller competitors. c A business expanding into new markets. d A firm increasing its advertising budget. 6 What does price fixing entail? a Setting prices based on competitor rates. b Agreeing to set prices at a certain level. c Adjusting prices based on demand. d Offering discounts during sales events. 7 A situation where a dominant firm forces its customers to purchase only from them, preventing them from buying similar products from competitors a Exclusive dealing b Refusal to deal c Tying and bundling d Predatory pricing 8 What is market allocation? a Creating a loyalty program for customers. b Increasing market share through advertising. c Dividing the market to avoid competition. d Offering similar products at different prices. 9 What is an example of a merger? a A joint venture for a specific project. b The combination of two companies into a new entity. c A partnership between two firms. d A company acquiring a competitor. 10 Requiring customers to purchase one product in order to get another Выберите один или несколько ответов a exclusive dealing b refusal to deal c tying and bundling d bid rigging e 11 Dominant firm makes it very hard for its competitors to make a profit a bid rigging b margin squeeze c market allocation d price fixing 12 a market structure where a few large sellers dominate the market a Monopoly b Cartel c Oligopoly d Merger & Acquisition
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