1.

The "separation of ownership and control" in the large corporation refers primarily to:

        A)        government limitations on the rights of capital ownership.

        B)        the ability of a small minority of shareholders or management to exercise effective control.

        C)        the issuance of voting warrants to management personnel.

        D)        the lack of diversification of stock ownership.

        E)        the fact that an officer of the company can sit on the board of directors, even though he may not be a shareholder.

2.

The marginal cost schedule facing an imperfect competitor is constant at $12.  The demand curve is given in Table 5.  The profit maximizing output for this firm is:

                        Table 5

                        P        Q

                        $20        6

                        $19        7

                        $18        8

                        $17        9

                        $16        l0

        A)        6 units

        B)        7 units

        C)        8 units

        D)        9 units

        E)        10 units

本人觉得B，C都能选啊

3.

87.        If all firms in an industry sell identical products, then it would never pay to advertise.

        A)        True

        B)        False

4.

84.        A percentage tax on a monopolist's profit has no effect on the profit-maximizing output as long as the tax is no greater than 100%.

        A)        True

        B)        False

90.        An imperfect competitor is not willing to increase sales at the prevailing price because to do so would reduce marginal revenue.

        A)        True

        B)        False