
Ch. 7
Authored by Jesse Perrin
History
12th Grade
Used 12+ times

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26 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT a Market Structure?
Perfect Competition
Oligopoly
Monopoly
Corporation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure involves selling identical products?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
3.
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
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following industries is an example of a monopoly?
utilities/water
departments stores
auto industry
commercial airlines
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is not a characteristic of monopolistic competition?
products are very similar so there must be product differentiation
very competitive
lots of advertising
identical products
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is not a characteristic of an oligopoly?
many sellers
not as much competition - firms have some control over prices
lots of advertising
many barriers to entry
7.
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?
perfect competition
monopolistic competition
oligopoly
monopoly
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