
Duplicate of Business Organizations & Market Structures
Authored by Patricia Albin
History, Social Studies
12th Grade
Used 32+ times

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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most common form of business?
Partnership
Corporation
LLC
Sole Proprietorship
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For an industry to be perfectly competitive, what must exist?
many firms selling similar items
many consumers wanting different items
many firms selling different items
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of market structure has no barriers to entry, and products are identical?
monopoly
oligopoly
perfect Competition
monopolistic competition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market structure of Pepsi and Coke?
monopoly
oligopoly
monopolistic competition
perfect competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Simpson is liable for all the debts of his company. What type of business organization is this?
monopoly
corporation
conglomerate
sole proprietorship
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A utility (ex. a power company) which controls all services in a designated area is called?
trust
cartel
devised oligopoly
natural monopoly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which markets compete in non-price competition?
monopolistic competition and oligopoly
monopoly and monopolistic competition
oligopoly and perfect competition
perfect competition and monopolistic competition
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