Market Structures and Competition

Market Structures and Competition

Assessment

Flashcard

Business

12th Grade

Practice Problem

Hard

Created by

Jeffrey Segrest

FREE Resource

Student preview

quiz-placeholder

18 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Free Market

Back

An economic system in which prices are determined by competition between privately owned businesses.

2.

FLASHCARD QUESTION

Front

Competition

Back

The struggle among producers for the dollars of consumers.

3.

FLASHCARD QUESTION

Front

Market Structure

Back

The amount of competition between producers of a specific good.

4.

FLASHCARD QUESTION

Front

Perfect Competition

Back

A market structure in which a large number of businesses all produce the same product.

5.

FLASHCARD QUESTION

Front

Monopolistic Competition

Back

A market structure in which many companies sell products that are similar but not identical.

6.

FLASHCARD QUESTION

Front

Barriers of Entry

Back

Business practices or conditions that make it difficult for new firms to enter the market.

7.

FLASHCARD QUESTION

Front

Non-price Competition

Back

A way to attract customers through style, service, or location, but not a lower price.

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?