Market structure

In which market structure is there the LEAST competition?

• Monopoly
• Oligopoly
• Monopolistic Competition
• Perfect Competition

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

Which characteristic can exist both in monopoly and in perfect competition?

• freedom of entry

• many buyers

• many sellers

• perfectly elastic demand curve

This is a market structure in which there is only one producer/seller for a product:

• Monopoly

• Oligopoly

• Perfect competition

• Monopolistic competition

Markets like automobiles, cell phones, film production studios, and internet providers are examples of which market structure?

• Monopoly

• Oligopoly

• Perfect competition

• Monopolistic competition

List the four market structures in the 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

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

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

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

• Water Utilities

• Departments Stores (Debenhams, John Lewis, M&S)

• Auto Industry (Ford, Vauxhall, BMW, Honda, Toyota)

• Airlines (BA, American Airlines, Cathay Pacific, Easy Jet)

An industry or market that is dominated by a few firms is

• a Monopoly

• an Oligopoly

• a Competitive market

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