Ch.7 Market structures

Ch.7 Market structures

12th Grade

44 Qs

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Ch.7 Market structures

Ch.7 Market structures

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Vanesa Elvers

Used 22+ times

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44 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is NOT a Market Structure?

Perfect Competition

Oligopoly

Monopoly

Corporation

2.

MULTIPLE CHOICE QUESTION

20 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

2 mins • 1 pt

Which of the following may be a negative externality resulting from the expansion of a local airport?

There is a rise in retail business in the area.

Additional employment is needed at the airport.

There is an expected benefit for a third party not directly involved in the expansion project.

The airport increases noise pollution in the area.

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