AP Micro Unit 4 Review

AP Micro Unit 4 Review

12th Grade - University

26 Qs

quiz-placeholder

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AP Micro Unit 4 Review

AP Micro Unit 4 Review

Assessment

Quiz

Other

12th Grade - University

Medium

TEKS
MATH.P.2A, MATH.7.11A, MATH.P.2G

+2

Standards-aligned

Created by

Emily Smith

Used 1K+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this market structure there is only one seller with a unique product
monopoly
perfect competition
monopolistic competition
oligopoly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Price fixing and collusion often occur in this type of market structure
monopoly
oligipoly
perfect competition
monopolistic competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this market structure there are many buyers and sellers with identical products
perfect competition
monopolistic competition
monopoly
oligopoly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One firm dominates the market is known as a:
Monopoly
Oligopoly
Monopolistic Competition
Pure Competition

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The effort by sellers to secretly set production levels or prices is called
collusion
price leadership
compliance
nonprice competition

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

For a non-price discriminating monopoly, the marginal revenue is
negative when the firm is maximizing profit
increasing at a constant rate
equal to the price           
less than the price

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