
Monopoly
Authored by Shiana Ramsaroop
Business
4th - 5th Grade
Used 5+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Monopoly has two key features, which are
barriers to entry and close substitutes.
franchises and barriers to entry.
close substitutes and no barriers to entry.
barriers to entry and no close substitutes.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a monopoly is
the only veterinarian in an isolated farm community.
the stock market.
PPUM
a big city restaurant.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of a single-price monopoly?
The firm is a price taker
There are many close substitutes for the firm's product.
The market price exceeds marginal revenue.
Demand is perfectly elastic.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is TRUE of a monopoly?
It can always increase its revenue by increasing the price to its customers.
Its marginal cost curve is always downward sloping.
None of above
It will always operate somewhere along the inelastic portion of the demand curve.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A monopoly can price discriminate between two groups of consumers if each group has
a large consumer surplus.
a different willingness to pay.
the same willingness to pay.
the ability to resell the good to the other group.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is most likely an example of a monopoly?
A Starbucks across from Dunkin Donuts
3 fast food restaurants all on the same street
A gas station in the country by itself
A Kroger 4 miles away from a Walmart
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Monopoly occurs when there is a single _____ in the market of a certain good.
Household
Producer
Industry
Consumer
Buyer
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
14 questions
Higher Admin & IT - Communication
Quiz
•
5th - 6th Grade
15 questions
CSR ACTIVITIES
Quiz
•
1st - 5th Grade
7 questions
PRODUCT MIX
Quiz
•
1st - 6th Grade
10 questions
Business Function
Quiz
•
1st - 5th Grade
10 questions
IBM CH2 Culture Quiz
Quiz
•
4th Grade - University
16 questions
Coaster Enthusiast Cedar Point Quiz!
Quiz
•
KG - Professional Dev...
10 questions
Microeconomics
Quiz
•
KG - University
10 questions
Entrepreneurship Grade 4
Quiz
•
4th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Business
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
10 questions
Groundhog Day Trivia Questions
Interactive video
•
3rd - 6th Grade
16 questions
Interpreting Line Graphs & Double Tables
Quiz
•
4th Grade
14 questions
Nonfiction Text Structures
Quiz
•
4th Grade
10 questions
Groundhog Behavior and Hibernation Facts
Interactive video
•
3rd - 5th Grade