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Market Structures and Business Organizations

Authored by KAREN MARTINEZ-TINAJERO

Social Studies

9th - 12th Grade

Used 3+ times

Market Structures and Business Organizations
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which market structure are the products identical?

Perfect competition

Oligopoly

Monopoly

Monopolistic competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between a partnership and a sole proprietorship?

A partnership doesn't get taxed

In a partnership, more than one person receives profits

A sole proprietorship doesn't get taxed

A sole proprietorship doesn't last long

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market structure has barriers that control entry into it?

Oligopoly

Monopoly

Monopolistic competition

Corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does a corporation business organization get taxed "twice"?

Because it makes too much money

Because it is the largest type of business organization

Corporate and individual taxes

To stop people from making corporations

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What is the difference between a monopolistic and a perfect competition?

A perfect competition has easier entry

There are no differences

Consumers control price in a perfect competition

Products are not identical in a monopolistic competition

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which type of business organization is your local Subway?

Corporation

Sole proprietorship

Partnership

Franchise

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which market structure is there no "real" price competition?

Monopoly

Oligopoly

Perfect competition

Monopolistic competition

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