Market Structure Quiz

Market Structure Quiz

9th - 12th Grade

9 Qs

quiz-placeholder

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Market Structure Quiz

Market Structure Quiz

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Joseph Blichfeldt

Used 7+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of market structures has many many producers(companies) that sell identical products and has no control over price?

perfect competition
monopolistic competition
oligopoly
monopoly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

List the four market structures in order from least competitive to most competitive.

Oligopoly, Monopoly, Perfect Competition, Monopolistic Competition
Perfect Competition, Oligopoly, Monopoly, Monopolistic Competition
Monopoly, Oligopoly, Monopolistic Competition, Perfect Competition
Monopoly, Monopolistic Competition, Perfect Competition, Oligopoly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a major car company lowers its prices, other car makers will probably 

maintain existing prices.
raise their prices.
go out of business.
lower their prices.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which scenario is an example of a monopoly? 

A local water company is the sole provider of water for a small town.
A dry cleaner specializes in environmentally friendly cleaning methods.  
A farmer produces green beans for sale at a farmer's market.
A small number of cereal companies produce most of the cereal on the market.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the 1990s, AT&T controlled 80% of the phone industry and was the ONLY provider of long distance phone service. This is an example of

A monopoly
Monopolistic Competition
Perfect Competition
Oligopoly

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of market structures has very few producers(companies) that control the majority of the market?
Hint: think of the soda market

perfect competition
monopolistic competition
oligopoly
monopoly

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The jeans industry would fall into what type of market structure? ( jeans are similar but there are some differences in the product)

monopoly
oligopoly
perfect competition
monopolistic competition

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In perfect competition, the product is differentiated

True
False

9.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

Was the class time spent on market structres?

Too little:

I still have many questions

About right: I just have a few questions I can ask after class

Perfect: I feel I understand market structures

Too much time