Market Structures

Which market structure has only one producer?

• oligopoly
• monopoly
• perfect competition
• monopolistic competition

Which market structure has the MOST competition?

• oligopoly
• monopoly
• perfect competition
• monopolistic competition

Choose the example that goes best with an oligopoly.

• apples
• cell phone providers
• utilities
• clothing

Choose the example that goes best with a monopoly.

• Cars
• Electricity
• Fast Food
• Produce

Choose the example that goes best with monopolistic competition.

• fast food
• soda pop
• cars
• gas (for your house)

According to the payoff matrix, what will YELLOW do if white goes high?

• high
• low

According to the payoff matrix, what is YELLOW'S dominant strategy?

• high
• low

Under which market structure can two firms work together to set high prices?

• monopoly
• perfect competition
• monopolistic competition
• oligopoly

Which market structure is a price maker or price setter?

• oligopoly
• monopolistic competition
• monopoly
• perfect competition

Which market structure can differentiate its products in order to slightly change its prices?

• monopoly
• monopolistic competition
• perfect competition
• oligopoly