Market Structures

Market Structures

10th Grade

10 Qs

quiz-placeholder

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Market Structures

Market Structures

Assessment

Quiz

Social Studies

10th Grade

Hard

Created by

Lisabeth Carter

Used 10+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

2.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

It is extremely easy to go into and get out of the business. Select all that apply

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

One single firm controls the entire industry.

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Only five firms produce this product in the Unites States.

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

5.

MULTIPLE CHOICE QUESTION

2 mins • 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

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Firms in this kind of market produce goods that are very close substitutes.

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

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