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Chapter 9- Competition & monopolies

Authored by Karen Ware

Business

11th Grade

Used 6+ times

Chapter 9- Competition & monopolies
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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

legal combination of two or more companies that become one corporation

patent

merger

monopoly

oligopoly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

large corporation made up of smaller corporations dealing in unrelated businesses

conglomerate

product differentiation

deregulation

monopoly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

obstacles to competition that prevent others from entering a market

economies of scale

perfect competition

barriers to entry

cartel

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

government protection that gives an inventor the exclusive rights to make, use, or sell an invention for a specific number of years

patent

copyright

conglomerate

merger

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

market situation in which there are numerous buyers and sellers, and no single buyer or seller can affect price

Monopoly

Oligopoly

merger

perfect competition

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

market situation in which a single supplier makes up an entire industry

monopoly

oligopoly

perfect competition

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

industry dominated by a few suppliers who exercise some control over price

monopoly

oligopoly

perfect competition

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