Market Structures Homework

Market Structures Homework

11th Grade

20 Qs

quiz-placeholder

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Market Structures Homework

Market Structures Homework

Assessment

Quiz

Social Studies

11th Grade

Medium

Created by

Luke Sealey

Used 489+ times

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20 questions

Show all answers

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

Barriers to entry
Factors of production
Limited supply
Monopolistic Outlook

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)

monopoly
oligopoly
perfect competition
monopolistic competition

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