Perfect competition
Authored by florence dias
Social Studies
12th Grade
Used 2+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A__________________ structure is an economic model that allows economists to examine competition among businesses in the same industry.
market
lifestyle
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Perfect competition is the ideal model of a market economy
true
false
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Freedom to enter and exit markets
Buyers and sellers are free to enter and exit the market
Only sellers are free to enter and exit the market
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Perfect competition has ________ characteristics
7
5
9
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Both buyers and sellers are well-informed about market conditions
true
false, only buyers not sellers
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