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Types of Competition

Authored by Katie Kelly

Business

10th - 12th Grade

Used 47+ times

Types of Competition
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of competition has the greatest control of their prices?

Monopoly

Oligopoly

Pure Competition

Monopolistic competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things require to survive are categorised as_

Demands

Wants

Needs

Desires

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term when supply and resources is limited and human can't meet their needs?

Deficiency

Limitations

Scarcity

Rare

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much people want something

supply
demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In pure competition, a large number of suppliers offer very similar products.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business in monopolistic competition has no control over price if it wants to sell its products. 

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cable television company usually operates in a pure competition environment. 

True
False

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