Market Structures quiz
Authored by Daniel Leritz
Social Studies, Business
10th - 12th Grade
Used 14+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT a Market Structure?
Perfect Competition
Oligopoly
Monopoly
Corporation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure involves selling identical products?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which law bans monopolies?
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Google controls 67% of the web search market. The company has grown and branched off into email, online maps, GPS tracking systems, online data storage and mobile phones. There are competitors like Microsoft and Yahoo, but they own just 18% and 11% of the market, respectively. Which market structure(s) best fit Google?
Perfect competition
Monopolistic competition
Oligopoly
Monopoly
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Using the pizza store graphic, what market structure best fits the pizza industry?
Monopoly
Oligopoly
Perfect competition
Monopolistic competition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
under perfect competition what sets the equilibrium price in the market?
nonprice competition
supply and demand
the government
a monopoly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what condition is present in perfect competition but missing in monopolistic competition?
marginal analysis
identical products
freedom of entry and exit
very large number of buyers and sellers
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