Free Questions › CFA › Economics

Free CFA Economics Practice Questions & Answers

2,050 exam-style Economics questions. Pick your answer, hit Check answer, and see the worked solution — free to start, no signup.

100% free · No login to start

Question 1291

In oligopoly, firms do NOT:

Select an option first.

Question 1292

The Nash equilibrium concept comes from:

Select an option first.

Question 1293

In Nash equilibrium, firms earn:

Select an option first.

Question 1294

In oligopoly, collusion:

Select an option first.

Question 1295

The kinked demand curve predicts that marginal cost changes:

Select an option first.

Get the full CFA question bank — free

Drop your email and we'll send you fresh CFA practice questions, fully worked solutions and exam-deadline reminders. No spam — unsubscribe in one click.

Want to save your score and take a full mock exam? Create a free account →

Question 1296

Collusion in oligopolistic industries is encouraged primarily because:

Select an option first.

Question 1297

A cartel is best described as:

Select an option first.

Question 1298

Collusion becomes more difficult when:

Select an option first.

Question 1299

Collusion is more likely to succeed when:

Select an option first.

Question 1300

Similar cost structures among firms:

Select an option first.

Question 1301

Frequent, small orders make collusion:

Select an option first.

Question 1302

A strong threat of retaliation in a cartel:

Select an option first.

Question 1303

External competition reduces collusion success because:

Select an option first.

Question 1304

OPEC’s high crude oil prices encouraged:

Select an option first.

Question 1305

Game theory is relevant to oligopoly because:

Select an option first.

Question 1306

The Stackelberg model differs from Cournot because Stackelberg:

Select an option first.

Question 1307

In Stackelberg competition, the leader:

Select an option first.

Question 1308

The Stackelberg leader may overproduce to:

Select an option first.

Question 1309

The “top dog” strategy refers to:

Select an option first.

Question 1310

In oligopoly, optimal output is chosen where:

Select an option first.

Question 1311

Price in oligopoly is determined by:

Select an option first.

Question 1312

A dominant firm in oligopoly typically has:

Select an option first.

Question 1313

Price followers avoid undercutting the dominant firm because:

Select an option first.

Question 1314

Price leadership may arise because:

Select an option first.

Question 1315

In kinked demand curve analysis, the prevailing price:

Select an option first.

Question 1316

In dominant firm price leadership, the leader behaves like:

Select an option first.

Question 1317

In Cournot oligopoly, firms assume rivals:

Select an option first.

Question 1318

Long-run economic profits in oligopoly are:

Select an option first.

Question 1319

Dominant firm market share tends to decline over time because:

Select an option first.

Question 1320

Price wars in oligopoly:

Select an option first.

Before you go, can we ask you one thing?

Thank you

Free CFA Economics Practice Questions & Answers

Privacy Preference

Before you go, can we ask you one thing?

Thank you