Which of the following is not a characteristic of monopolistic competition?

products are very similar so there must be product differentiation

What is monopolistic competition?

many companies selling a similar, but different product

many companies sell the same product

a few companies sell the product

One of the requirements for a monopoly is that

there is a unique product with no close substitutes

there are several close substitutes for the product

the product cannot be produced by small firms

A disadvantage to a corporation is that

dividends are taxed twice, once as a corporate income and once as personal income.

decision making is no longer controlled by the original entrepreneur

bond holder have first claim to a corporation's profits.

stockholders demand and get large dividends if any profits are made

Business owners face unlimited liability for business debts in:

both a sole proprietorship and a partnership

a partnership, but not in a sole proprietorship

a sole proprietorship, but not a partnership

What is a Sole Proprietorship?

Business owned by several companies

How is a corporation different from a sole proprietorship?

Corporations can sell stock to raise money for the business.

Corporations are owned by only one person

Sole proprietorships have limited liability for the owners

Sole proprietorships require a legal charter to start the business.

Unit 2A-Market Structures

Authored by Lazarus O'Sako

Social Studies

12th Grade

Used 53+ times

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

Content View

Student View

40 questions

Show all answers

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is NOT a Market Structure?

Perfect Competition

Oligopoly

Monopoly

Corporation

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which market structure involves selling identical products?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Using the pizza store graphic, what market structure best fits the pizza industry?

Monopoly

Oligopoly

Perfect competition

Monopolistic competition

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Markets like automobiles, cell phones, cable TV, and internet providers are examples of which market structure?

Monopoly

Oligopoly

Perfect competition

Monopolistic competition

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A market that has a few sellers of basically the same goods.

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The actions of an individual seller do not affect the overall supply or price of a good or service.

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Public utilities are an example.

Perfect Competition

Monopoly

Monopolistic Competition

Oligopoly

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

40 questions

Unit 8 Revolution, Imperialism and Imperialism

Quiz

•

9th - 12th Grade

45 questions

Economics Final Study Guide

Quiz

•

12th Grade

37 questions

EOC Practice/Test Review

Quiz

•

9th - 12th Grade

37 questions

Government Units:Vocabulary Chapters 1-5

Quiz

•

9th - 12th Grade

35 questions

Topic 4: Early Civilizations of India

Quiz

•

8th Grade - University

35 questions

Sociology Quiz- Unit 1

Quiz

•

12th Grade - University

40 questions

Chapter 3 - Economics

Quiz

•

12th Grade

43 questions

ECONOMICS PF FINAL EXAM REVIEW

Quiz

•

12th Grade

Popular Resources on Wayground

5 questions

This is not a...winter edition (Drawing game)

Quiz

•

1st - 5th Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

10 questions

Identify Iconic Christmas Movie Scenes

Interactive video

•

6th - 10th Grade

20 questions

Christmas Trivia

Quiz

•

6th - 8th Grade

18 questions

Kids Christmas Trivia

Quiz

•

KG - 5th Grade

11 questions

How well do you know your Christmas Characters?

Lesson

•

3rd Grade

14 questions

Christmas Trivia

Quiz

•

5th Grade

20 questions

How the Grinch Stole Christmas

Quiz

•

5th Grade

Discover more resources for Social Studies

21 questions

WH/WGI Common Assessment #9 Review Quiz

Quiz

•

9th - 12th Grade

40 questions

US Gov Semester Exam

Quiz

•

12th Grade

25 questions

Christmas Movies!

Quiz

•

5th Grade - University

60 questions

Logos and Slogan Quiz

Quiz

•

10th Grade - University

40 questions

EOCA Review

Quiz

•

12th Grade

46 questions

Final Exam Review

Quiz

•

9th - 12th Grade

Unit 2A-Market Structures

Which of the following is NOT a Market Structure?

Which market structure involves selling identical products?

Using the pizza store graphic, what market structure best fits the pizza industry?

Markets like automobiles, cell phones, cable TV, and internet providers are examples of which market structure?

A market that has a few sellers of basically the same goods.

The actions of an individual seller do not affect the overall supply or price of a good or service.

Public utilities are an example.

In this market, the producer is the least responsive to buyers' needs and wants.

Which of the following is not a characteristic of monopolistic competition?

Which of the following is not an advantage of a sole proprietorship?

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Social Studies