Chapter 10 - Market Organization
Social Studies
9th - 12th Grade
Used 13+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a market characteristic?
# of firms
Type of product sold weekly
Amount of information
Degree of price control
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT an example of a natural monopoly?
U.S. Postal Service
Local water & sewer service
U.S. military
Oil companies
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT part of the definition of a patent?
Legal protection for an inventor
Can solely produce the product with protection for 17 years
Patent infringement protection
None of these
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The opposite of a tax is a....
Subsidy
Retail coupon
Retail rebate
None of these
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imperfect competition is a type of market organization.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is usually very difficult to enter a market that is a monopoly.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The way participants in markets are organized and how many participants there are is better known as
perfect competition
monopoly
market organizations
Corporate compliance
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