Market Structure Quiz

Quiz
•
Other
•
12th Grade
•
Medium
Cathy TANG HALES
Used 6+ times
FREE Resource
23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This firm is making
Normal profit
Supernormal profits
Losses
Accounting profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This diagram illustrates
Allocative efficiency
Dynamic efficiency
Productive efficiency
Inefficiency
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This diagram illustrates
A pure monopoly
Monopsony
A natural monopoly
A duopolu
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This diagram illustrates
Firm in Per Compin the SR
Monopolists charge a higher price and lower output
Monopolists charge a lower price and lower output
Both firms are allocatively efficient
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This diagram represents
A monopolist in the long run
Per Comp in the long run
Monopolistically competitive firm in the short run
Monopolistically competitive firm in the long run
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This diagram illustrates
A profit maximising firm in per comp
A profit maximising cartel
A revenue maximising monopoly
A natural monopoly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This diagram shows
A comparison between allocative and productive efficiency
A comparison between welfare loss in per comp versus monopoly
A comparison between revenue and profit maximisation
A rise in consumer surplus
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