Market Structures and Competition Review
Authored by Carter Bott
Social Studies
9th - 12th Grade
Used 60+ times
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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following Market structures has the most sellers?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a town has only one gas station then the market for gas in that town is in which market structure?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these market structures has the least control over price in the marketplace?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5 cell phone makers control about 85% of the market for cell phones so they are in what market structure:
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ton of companies make clothing but some brands are able to charge more because of perceived status or quality. this puts them in which market structure
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this market structure there is little of no difference between the product no matter what company produces it?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a person gets a patent on a product that product is in which market structure?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
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