Monopolies and antitrust legislation

Monopolies and antitrust legislation

12th Grade

10 Qs

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Monopolies and antitrust legislation

Monopolies and antitrust legislation

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Benjamin Morrisey

Used 73+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The game console industry is an example of which market structure?

Monopoly

Pure Competition

Oligopoly

Monopolistic competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might an oligopoly control prices?

Collusion

Price leadership

Nonprice competition

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes the selling of the same product to different consumers at different prices?

Price discrimination

Interdependent Pricing

Price competition

The Price is Right with Bob Barker

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of monopoly does the granting of patents encourage?

Natural Monopoly

Technological Monopoly

Government Monopoly

Mr. Wonderful's Monopoly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which piece of legislation outlawed price discrimination?

The Sherman Act

The Federal Trade Commission Act

The Morrisey Act

The Clayton Antitrust Act

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the government break up and prevent monopolies?

Increased Taxes

Antitrust legislation and regulation

Deregulation

Laissez-faire

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under pure competition, products are

always cheap

differentiated

accurately priced

identical

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