
Unit 3- Market structures/Market Failures/Etc.
Authored by Joe Hannaford
Social Studies
9th - 12th Grade
Used 127+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which market structure has a large number of buyers and sellers (the most) and products are identical?
perfect (pure) competition
monopolistic competition
oligopoly
monopoly
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A key characteristic of this market structure is that there is interdependence among firms.
perfect (pure) competition
monopolistic competition
oligopoly
monopoly
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What market structure would agricultural products fall into?
perfect (pure) competition
monopolistic competition
oligopoly
monopoly
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
This type of market structure uses product differentiation and brand name/advertising is the most important.
perfect competition
pure competition
monopolistic competition
monopoly
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
market failure in which there is unintended harm or inconvenience to a third party.
positive externality
negative externality
economies of scale
public goods
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Utility companies such as electricity would be an example of which type of monopoly?
natural monopoly
geographic monopoly
pure monopoly
technological monopoly
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
market structure in which a few very large sellers dominate the industry.
perfect competition
monopolistic competition
oligopoly
monopoly
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