Market Structure and Location Practice Test
Authored by kvstar '
Business
10th Grade
Used 1+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market structure that is based on the number of firms in the industry?
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market structure that is based on the firm's ability to influence prices?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market structure that is based on the ease of entering/exiting the market?
Perfect Competiton
Monopolistic Competition
Oligopoly
Monopoly
4.
OPEN ENDED QUESTION
3 mins • 3 pts
Give 3 characteristics of Perfect competiton.
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5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which market structures is homogeneous?
Perfect Competiton
Monopolistic Competition
Oligopoly
Monopoly
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market structure that is based on level of advertising?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
7.
FILL IN THE BLANKS QUESTION
1 min • 2 pts
What are the other 2 names for the ppl who control monopolies
(a)
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