
Market Structures II
Authored by Alan Green
Other
12th Grade
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20 questions
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1.
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?
2.
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
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The jeans industry would fall into what type of market structure? ( jeans are similar but there are some differences in the product)
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If Mark wants to sell his corn at a local farmer's market, he must be aware that the product is standardized and that he will have no control over the price. The market structure he is MOST likely participating in is
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is NOT a characteristic of a monopoly?
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which type of market structures has many producers (companies) and sell similar but not identical products from each other? These companies have some control over the price and there are low barriers to entry.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT a characteristic of perfect competition?
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