
MGT100 - Competition
Authored by Kevin Stuckmeyer
Fun
12th Grade
Used 672+ times

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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rivalry among businesses for sales to potential customers
competition
monopoly
product differentation
demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Quantity of a product that buyers are willing to purchase at each various price.
supply
demand
market equilibrium
competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a market situation with only a few major sellers.
Pure competition
Monopolistic competition
oligopoly
monopoly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Legal market structure that requires huge investments in capital that would be wasteful and not good for public interest
oligopoly
monopoly
barter system
natural monopoly
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following is an example of a non-price means of competition
quality
service
financing options
location/convenience
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market situation with many buyers and sellers that have no power to affect price
perfect competition
monopolistic competition
oligopoly
monopoly
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