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Ch. 2 Review

Authored by Madison Moore

Business

8th Grade

Used 34+ times

Ch. 2 Review
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A large number of businesses selling the same product at the same prices

Monopoly

Oligopoly

Monopolistic Compettion

Perfect Competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One business has complete control

Monopoly

Monopolistic Competition

Oligopoly

Perfect Competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A large number of businesses selling similar, but not the same, products at different prices (imperfect competition)

Monopolistic Competition

Monopoly

Oligopoly

Perfect Competition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A small number of businesses selling the same or similar products

Perfect Competition

Oligopoly

Monopoly

Monopolistic Competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A lower price is the main reason for customers to buy from one business over another

Price Competition

Non-Price Competition

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The production of specific goods so that more products can be produced with the same amount of labor

Trade-off

GDP

Market Structure

Specialization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The right of ownership in a corporation

Stock Market

Stock

Value

GDP

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