English for Economic

English for Economic

1st - 3rd Grade

16 Qs

quiz-placeholder

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English for Economic

English for Economic

Assessment

Quiz

Specialty

1st - 3rd Grade

Hard

Created by

Huyền Trần

Used 2+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What businesses can "Collude" or work together to set prices?

Monopoly

Oligopoly

Perfect competition

Imperfect competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Oligopoly is a market structure characterized by:

Independence in decision making

A large number of small firms

Regulated natural monopolies

Strategic behavior between rival firms

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An Oligopoly is a market that has many producers and relatively low barriers. 

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Would car companies be in the oligopoly industry

Yes

No

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the translation of " Perfect competition"?

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the translation of "Duopoly"?

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is translation of "product differentiation"?

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