Monopoly

Monopoly

9th Grade - University

6 Qs

quiz-placeholder

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Monopoly

Monopoly

Assessment

Quiz

Social Studies, Business, History

9th Grade - University

Practice Problem

Hard

Created by

Harrison Vanlandingham

Used 24+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T/F Monopolies are the price setters

False

True

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

What is Price Discrimination?

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The purpose of Anti-Trust laws is to? Check all that Apply

Regulate the prices of a market

Encourage big companies to merge more often

To promote competition in a market by breaking up mergers

Give companies the right to operate without government interference

All of the above

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A Monopoly is when one seller has control over a _____ with little to no competition. Fill in the Blank

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T/F If I own a food truck in New York City and there is a limited amount of licenses available and I own all of them and flood the market with my spicy breakfast burritos, Do I have a Monopoly over the Food Truck Industry?

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John has developed an internet shopping service that will sell other peoples products for them, but Amazon has a firm grip on this market, What is most likely preventing John from being successful?

His own ego

The Elasticity of his company

The Barriers of Entry

His friends telling him that his business will fail