
Econ 3-1 Market Structures
Authored by Sarah Smith
Specialty
12th Grade
Used 12+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 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
30 sec • 1 pt
Which type of market structures has very few producers(companies) that control the majority of the market?
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
In the 1990s, AT&T controlled 80% of the phone industry and was the ONLY provider of long distance phone service. This is an example of
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is NOT a characteristic of a monopoly?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT a characteristic of perfect competition?
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
This market structure has 3-4 firms who dominate 70-80% of the industry.
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In which market structure is there the LEAST competition?
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