Oligoply

Oligoply

11th - 12th Grade

6 Qs

quiz-placeholder

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Oligoply

Oligoply

Assessment

Quiz

Social Studies

11th - 12th Grade

Hard

Created by

Beverly Bauman

Used 7+ times

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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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