Market Structures and Competition
Authored by Terri Sutton
Social Studies
9th - 12th Grade
Used 328+ 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
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In monopolistic competition there are many buyers and sellers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Non-price competition is the use of ads, giveaways, or promotions to win customers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which market structure is there the LEAST 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?
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
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)
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