
PBA #2
Quiz
•
Social Studies
•
11th - 12th Grade
•
Medium
Jared Domenico
Used 8+ times
FREE Resource
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34 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sells identical products
Monopolistic Competition
Perfectly competition
Monopoly
Oligopoly
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When companies divide the market, set prices, and limit production
Cartel
Monopoly
Collusion
Franchise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is not an advantage of sole proprietorship ?
easy start up costs
full profit
little regulation
easy to borrow money
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Selling similar but not identical products
Perfect competition
Monopolistic Competition
Oligopoly
Monopoly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to a company if they raise their prices in a perfectly competitive market
they make more profit
consumers buy a cheaper product
they advertise more
become a monopoly
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a semi independent business that pays fees to a parent company to sell a product
Monopoly
Corporation
Franchise
Partnership
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business type that makes up largest number of businesses
Corporation
Non Profit
Sole Proprietorship
Partnership
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