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

Quiz
•
Specialty
•
1st - 3rd Grade
•
Hard
Huyền Trần
Used 2+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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