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Market Structures and Antitrust Quiz

Authored by Benjamin Morrisey

Social Studies

12th Grade

Used 147+ times

Market Structures and Antitrust Quiz
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The game console industry is an example of

Pure Competition

An oligopoly

a monopoly

monopolistic competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Microsoft has been accused of being a(n) ______ and has been fined by the government

oligopoly

fair company

monopoly

toilet paper hoarding company

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might an oligopoly control prices?

Collusion

Price leadership

Nonprice competition

All of the above

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

What kind of monopoly often provides public goods?

Natural Monopoly

Geographic Monopoly

Government Monopoly

Technological Monopoly

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When sellers secretly agree to set production levels or prices, it is called

collusion

manipulation

price leadership

cartel

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an industry in a monopolistically competitive market?

Cell phone providers

Fast- food restaurants

Strawberry production

Boardwalk

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