Intro to Types of Market Structures

Multiple Choice

Only consumers have a big impact on the market.

• True
• False

Multiple Choice

Who plays a crucial role in determining what gets made and sold?

• The Government

• The Market Itself

• Only the Producers

Multiple Choice

If there were no price tags in the market, what would you have to do?

• Ignore the prices and take the items for free
• Ask the price of each item from the seller.
• Guess the price of each item

Multiple Choice

In a competitive market, all sellers sell completely different products.

• False
• True

Open Ended

List at least two benefits of businesses competing close to each other:

Multiple Choice

All markets operate in the same way.

• False
• True

Multiple Choice

Which is not one of the four main market types?

• Monopoly

• Perfect Competition

• Poligopoly

Poll

If one team makes all the rules in a sport, the game is:

• Less Competitive

• Equal
• More Competitive

Open Ended

Complete the sentence: Today I learned......