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Market Structures

Authored by Kevin Morales

Social Studies

12th Grade

20 Questions

Used 247+ times

Market Structures
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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Factors that make it difficult for new firms to enter a market are called

Barriers to entry
Factors of production
Limited supply
Monopolistic Outlook

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What prevents firms from entering a monopoly?

Barriers to Entry

Technology

Price

Barriers to Travel

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Businesses can "Collude" or work together to set prices

Oligopoly
Monopoly
Perfect Competition

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Choose the example that goes best with an oligopoly.

apples
cell phone providers
utilities
clothing

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following industries is an example of a monopoly?

utilities/water

department stores

auto industry

commercial airlines

6.

MULTIPLE CHOICE QUESTION

5 mins • 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

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A market that has a few sellers of basically the same goods.

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

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