Industrial Economics and Experimental Economics
Description: This quiz covers concepts related to Industrial Economics and Experimental Economics. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: industrial economics experimental economics game theory auctions |
In Industrial Economics, what is the term used to describe a market structure in which a single firm controls a large share of the market?
In an oligopoly, what is the term used to describe a situation in which a small number of firms control a large share of the market?
In Experimental Economics, what is the term used to describe a method for studying economic behavior in a controlled environment?
In an experimental economics study, what is the term used to describe the group of participants who are subjected to the experimental treatment?
In an experimental economics study, what is the term used to describe the group of participants who are not subjected to the experimental treatment?
In Game Theory, what is the term used to describe a situation in which two or more players make decisions that affect each other's outcomes?
In a non-cooperative game, what is the term used to describe a strategy that maximizes a player's payoff given the strategies of the other players?
In a cooperative game, what is the term used to describe a situation in which all players can improve their outcomes by working together?
In an auction, what is the term used to describe a situation in which the highest bidder wins the item being auctioned?
In an auction, what is the term used to describe a situation in which the lowest bidder wins the item being auctioned?
In an auction, what is the term used to describe a situation in which bidders submit sealed bids and the highest bidder wins the item being auctioned?
In an auction, what is the term used to describe a situation in which the seller sets a reserve price and the item is sold only if the highest bid meets or exceeds the reserve price?
In an auction, what is the term used to describe a situation in which the seller sets a minimum bid and the item is sold to the highest bidder who meets or exceeds the minimum bid?
In an auction, what is the term used to describe a situation in which the seller sets a fixed price and the item is sold to the first bidder who meets or exceeds the fixed price?
In an auction, what is the term used to describe a situation in which the seller sets a starting price and the item is sold to the highest bidder who meets or exceeds the starting price?