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Market Structures
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
Mr. Petty
Used 80+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This market structure is when on industry is controlled by a handful of companies
Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This market structure occurs when an industry has many businesses selling the same product
Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This market structure occurs when an industry is filled with many sellers who sell similar but differentiated products
Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this market structure, a business can offer low quality goods due to lack of competition
Monopoly
Oligopoly
Monopolistic Compeition
Perfect Competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This market structure is most beneficial to consumers
Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The major focus of sellers in this market is branding and marketing
Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Collusion and price fixing can become a problem in this type of market structure
Monopoly
Oligopoly
Monopolistic Competition
Perfect Compeition
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