Market Structures

Market Structures

9th - 12th Grade

17 Qs

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Market Structures

Market Structures

Assessment

Quiz

History

9th - 12th Grade

Practice Problem

Medium

Created by

Rachael Long

Used 2K+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In perfect competition, the product is differentiated

True
False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In monopolistic competition there are many buyers and sellers

True
False

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Non-price competition is the use of ads, giveaways, or promotions to win customers

True
False

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In which market structure is there the LEAST competition?

Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In which market structure is there the MOST competition?

Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which type of market structures has many many producers(companies) that sell identical products and has no control over price?

perfect competition
monopolistic competition
oligopoly
monopoly

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which type of market structures has very few producers(companies) that control the majority of the market?
Hint: think of the soda market

perfect competition
monopolistic competition
oligopoly
monopoly

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