Market Structures True/false
Quiz
•
Business, Education
•
9th Grade - University
•
Practice Problem
•
Hard
M Desborough
Used 1+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In Perfect Competition products are differentiated
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Firms in a Monopolistic Competition Market are price takers
true
false
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In a monopoly, the firm is the industry
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Products are not differentiated in Oligopoly
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
There are fewer firms in Perfect Competition than in Monopolistic Competition
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In Perfect Competition there are high barriers to entry
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Consumers have more choice in an Oligopoly than in Monopolistic Competition
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