Oligoply
Quiz
•
Social Studies
•
11th - 12th Grade
•
Hard

Beverly Bauman
Used 7+ times
FREE Resource
Enhance your content in a minute
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a defining characteristic of an Oligopoly?
Mutual Interdependence
Great Usage of Non- Price Competition
Many Firms Competing For Business
Only one provider.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
An Oligopoly participates in _________________ an illegal activity to limit Q and raise Prices.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
John Nash is famous for the _________ _________________, which is used in Game Theory.
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
When there is a best outcome regardless of the other players actions in Game Theory, we have a ________________
Strategy.
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
If we choose the lowest payoff in game theory, we have a
________________________ Strategy.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The famous example of Game Theory is the ________________
___________________.
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