Market Structures Review

Market Structures Review

12th Grade

15 Qs

quiz-placeholder

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Market Structures Review

Market Structures Review

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Travis Klein

Used 35+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which of the following are characteristics of a perfectly competitive market?

identical products

identical prices

a few firms that sell most of the products

consumers have no idea what the price is

the companies advertise, A LOT!

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which of the following are characteristics of a monopolistically competitive market?

identical products

identical prices

a few firms that sell most of the products

consumers value quality

many different prices

3.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which of the following are characteristics of an oligopolistic market?

identical products

identical prices

a few firms that sell most of the products

consumers value quality

The companies advertise, A LOT

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

This industry should be described as which market structure?

perfect competition

oligopoly

monopoly

monopolistic competition

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

This industry should be described as which market structure?

perfect competition

oligopoly

monopoly

monopolistic competition

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

This industry should be described as which market structure?

perfect competition

oligopoly

monopoly

monopolistic competition

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

This industry should be described as which market structure?

perfect competition

oligopoly

monopoly

monopolistic competition

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