Oligopoly
Authored by Devendra Yadav
Other
10th - 11th Grade
Used 36+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many firms are there in an oligopoly?
Many
Few
One
Eight
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Are price wars an advantage or disadvantage?
Disadvantage
Advantage
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of firms dominate in an oligopoly?
Small firms
Large firms
Start-ups
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of oligopoly
Paper Clips
Chips
Luxury Cars
DEWA
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are collusions made?
To restrict competition
To increase choice
To introduce new entrants
None of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a feature of an oligopoly
Collusion
Barriers to Entry
One firm dominates
Different Products
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do firms in a cartel do?
Join together and agree on price or output upon colluding
They compete against each other
Both
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