Chapter 7 and 13

Chapter 7 and 13

11th - 12th Grade

20 Qs

quiz-placeholder

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Chapter 7 and 13

Chapter 7 and 13

Assessment

Quiz

Other

11th - 12th Grade

Medium

Created by

Johanna Witt

Used 3+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A market structure where there is a large amount of non-price competition
Perfect competition
Monopolistically competitive
Oligopoly
Monopoly 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A small number of firms have the majority of market share
Oligopoly 
Monopolistically competitive
Perfect comptetion
Monopoly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The litmus test for perfect competition is....
Coffee is coffee is coffee
An apple is an apple is an apple
A kiwi is a fruit
Why are we talking about produce?

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which are barriers to entry?
Startup cost and Technology
Money and a Wall
A fence and a Loan
Only cost is a barrier to entry

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Characteristics, Location, level of service, and advertising are examples are what?
Barriers to entry
Deregualtion
Money
Non-price competition

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does the government grant monopolies? 
It would be inefficient to have multiple agencies competing within the market area
To allow for compensation to innovation
The government cannot grant monopolies 
Because they regulate both the effiency and give patents for inventions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The reduction or elimination of government influence, usually enacted to create more competition within the industry
Deregulation
Antitrust laws
Non-price competition
Perfect competition

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