Stock Market Structures MakeUp Test

How many firms are there in a perfect competition?

• 1
• 2-5
• Many

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

• Barriers to entry
• Factors of production
• Limited supply
• Monopolistic Outlook

How many firms are there in a monopoly?

• 1
• 2-5
• Many

What prevents firms from entering a monopoly?

• Barriers to Entry

• Technology

• Price

• Barriers to Travel

An industry that is dominated by a few large firms is 

• monopolistic competition.
• a monopoly.
• perfect competition.
• an oligopoly.

Market structure in which a large # of firms produce the same product no single seller controls

• Outstanding competition

• Solid Competition

• Pure Competition

• None of the above None of the above

Product , like petroleum or milk, that is considered the same regardless of who produces it.

• Constant Product

• Commodity

• Consistent Product

• Steady Product Steady Product

Factor that makes it difficult for new firms to enter a market

• Trade Wall

• Trade Gate

• Barrier to entry

• Trade Stand off Trade Stand off

The expenses a new business must pay before it can begin to produce and sell goods

• Roll out fees

• up front payments

• start-up costs

• Seed Money

This market structure has a large number of buyers and sellers with identical products.

• Perfect Competition

• Monopolistic Competition

• Oligopoly

• Monopoly