Market Structures and Competition

Market Structures and Competition

9th - 12th Grade

26 Qs

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Market Structures and Competition

Market Structures and Competition

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Terri Sutton

Used 293+ times

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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In perfect competition, the product is differentiated

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In monopolistic competition there are many buyers and sellers

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Non-price competition is the use of ads, giveaways, or promotions to win customers

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which market structure is there the LEAST competition?

Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of market structures has many many producers(companies) that sell identical products and has no control over price?

perfect competition
monopolistic competition
oligopoly
monopoly

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of market structures has very few producers(companies) that control the majority of the market?
Hint: think of the soda market

perfect competition
monopolistic competition
oligopoly
monopoly

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The jeans industry would fall into what type of market structure? ( jeans are similar but there are some differences in the product)

monopoly
oligopoly
perfect competition
monopolistic competition

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