Market Structures & Business Organizations - Scenario Cards

Front

Scenario: A local wheat farmer sells grain at the market, and his product is identical to dozens of others. What type of market structure is described?

Back

Perfect Competition

Front

What type of market structure is described when dozens of fishermen bring the same type of shrimp to a dockside market, all charging nearly the same price?

Back

Perfect Competition

Front

Scenario: Hundreds of dairy farmers sell milk at prices determined by supply and demand. What type of market structure is described?

Back

Perfect Competition

Front

Scenario: Corn farmers compete in an open market where no single farmer controls the price. What type of market structure is described?

Back

Perfect Competition

Front

Scenario: Independent Christmas tree sellers at a large farmers’ market all compete with nearly identical products. What type of market structure is described?

Back

Perfect Competition

Front

Scenario: Dozens of tomato growers at a roadside market each sell the same type of produce. What type of market structure is described?

Back

Perfect Competition

Front

Scenario: A clothing store differentiates itself with brand names and advertising. What type of market structure is described?

Back

Monopolistic Competition

Front

Which market structure is described in the following scenario? 'Dozens of coffee shops exist in a city, but each tries to stand out with unique flavors and vibes.'

Back

Monopolistic Competition

Front

Which market structure is described in the following scenario? 'A hair salon competes with many others in town by offering different services and styles.'

Back

Monopolistic Competition

Front

Which market structure is described in the following scenario? 'Multiple local pizzerias compete, each offering their own recipes and deals.'

Back

Monopolistic Competition