Search Header Logo

Unit 4 Review - Market Structures

Authored by Wesley Edwards

Social Studies

10th - 12th Grade

Used 1+ times

Unit 4 Review - Market Structures
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

23 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

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.

3.

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

4.

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

5.

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

6.

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

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which scenario is an example of a monopoly? 

A local water company is the sole provider of water for a small town.
A dry cleaner specializes in environmentally friendly cleaning methods.  
A farmer produces green beans for sale at a farmer's market.
A small number of cereal companies produce most of the cereal on the market.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?