Market Structures Homework
Quiz
•
Social Studies
•
11th Grade
•
Medium
Luke Sealey
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
This market structure is characterized by the lowest level of competition among producers.
monopolistic competition
monopoly
oligopoly
perfect competition
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
It is the most ideal market structure.
perfect competition
monopolistic competition
oligopoly
monopoly
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
All of the following are characteristics of monopolistic competition except ___.
There are many buyers and many sellers.
The products sold are similar but differentiated.
A market leader may emerge from among the many suppliers.
There are many barriers to entry and exit.
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
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
5.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Factors that make it difficult for new firms to enter a market are called
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
An industry or market that is dominated by a few firms is
a Monopoly
an Oligopoly
a Competitive market
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The jeans industry would fall into what type of market structure? ( jeans are similar but there are some differences in the product)
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