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P1 Market Structures

P1 Market Structures

Assessment

Presentation

Social Studies

12th Grade

Practice Problem

Easy

Created by

Michael Dominguez

Used 25+ times

FREE Resource

14 Slides • 11 Questions

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Multiple Choice

where buyers and sellers:

meet to exchange goods and services

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Market Structure

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Market(s)

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Multiple Choice

Pure Competition; Oligopoly

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Market Structures

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Market(s)

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Multiple Choice

buyers and sellers:

are affected by some level of competition

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Market Structures

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Market(s)

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Multiple Choice

For Perfect Competition - There should be a SMALL number of buyers and sellers

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True

2

False

13

Multiple Choice

For Perfect Competition - Buyers and sellers should act independently

1

True

2

False

14

Multiple Choice

For Perfect Competition - Buyers and sellers should be LESS-informed

1

True

2

False

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Multiple Choice

In a Monopoly - One seller of a product that has no close substitutes

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True

2

False

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Multiple Choice

No other business chooses to compete in that area

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Natural Monopoly

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Geographic Monopoly

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Technological Monopoly

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Government Monopoly

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Multiple Choice

economies of scale are so important that only one firm can survive.

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Natural Monopoly

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Geographic Monopoly

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Technological Monopoly

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Government Monopoly

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Multiple Choice

Ex: USPS- Unite States

Postal Service

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Natural Monopoly

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Geographic Monopoly

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Technological Monopoly

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Government Monopoly

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Multiple Choice

Results from new discoveries and inventions.

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Natural Monopoly

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Geographic Monopoly

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Technological Monopoly

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Government Monopoly

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