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Economics Final

Authored by Alina Masotti

Social Studies

11th - 12th Grade

Used 15+ times

Economics Final
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49 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which is an industry with significant barriers to entry and a single supplier?

Monopolistic Competition

Oligopoly

Monopoly

Perfect Competition

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which is a highly concentrated market with just a few interdependent firms

Monopoly

Oligapoly

Perfect Competition

Monopolistic Competition

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which is a highly competitive market with slightly differentiated products?

Monopolistic Competition

Oligopoly

Monopoly

Perfect Competition

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which is a highly competitive market where firms are price takers?

Perfect Competition

Monopoly

Oligopoly

Monopolistic Competition

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is the most competitive market structure?

Monopolistic Competition

Perfect Competition

Oligopoly

Monopoly

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is the least competitive market structure?

Monopoly

Monopolistic Competition

Oligopoly

Perfect Competition

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is NOT a feature of monopolistic competition?

Numerous Sellers

Product Differentiation

Numerous Buyers

Homogenous Products

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