Unit 3: Production, Cost, and the Perfect Competition Model

/ Unit 3: Production, Cost, and the Perfect Competition Model

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You’ll explore the factors that drive the behavior of companies and learn about the perfect competition model.

Question Difficulty:

Question	Difficulty	Students Solved
Monetary Policy Response to Stagflation	hard	4
Producer Expectations and Current Supply	hard	4
Price Floor Effects with Decreasing Returns	hard	2
Copyright Enforcement and Technological Change	hard	-
Price Elasticity and Total Revenue	hard	3
Government Policy And Technological Innovation	hard	1
Perfect Competition and Technological Change	hard	1
Identifying Collusion In An Oligopolistic Market	hard	2
Binding Minimum Wage and Allocative Efficiency	hard	1
Perfect Competition Long-Run Adjustment	hard	-
Long-Run Average Total Cost Curve	hard	2
Monopolistic Competition and Minimum Efficient Scale	hard	-
Competitive Strategy in an Oligopoly	hard	1
Trade-offs of Reducing Firm Output	hard	-
Monopoly Strategy Under Antitrust Threat	hard	1
Firm Strategy in a Perfectly Competitive Market	hard	1
Oligopoly Collusion and Employment	hard	-
Long-Run Adjustment in a Constant-Cost Industry	hard	1
Producer Surplus and the Shutdown Decision	hard	-
Shifts in Short-Run Cost Curves	hard	-

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Rank	User	Correct Count	Attempt Count	Time	Score
#1	e11102akshara	179	201	0m 00s	17,680
#2	jcbaird17	139	164	6m 40s	13,250
#3	jsm31665	64	80	0m 00s	6,240
#4	haydenfung7	60	78	0m 00s	5,820
#5	hubowen09	45	51	1m 14s	4,366
#6	hxuna0217	42	65	0m 00s	3,970
#7	jasmineleung1007	61	118	35m 50s	3,380
#8	yewonhg	36	60	0m 00s	3,360
#9	ijiwon073	32	32	0m 00s	3,200
#10	105159patrickbasketball	30	34	0m 00s	2,960

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