Market Structures

What market form are sellers free to enter into, conduct, or get out of business?

• Monopolistic Competition

• Perfect (Pure) Competition

• Oligopoly

• Monopoly

What market form can a single firm cause change in output, sales, and price?

• Monopolistic Competition

• Perfect (Pure) Competition

• Oligopoly

• Monopoly

In what market form would companies engage in collusion or price fixing?

• Monopolistic Competition

• Perfect (Pure) Competition

• Oligopoly

• Monopoly

Which type of a monopoly where a market situation where the costs of production are minimized by having a single firm produce the product?

• Natural Monopoly

• Geographical Monopoly

• Technological Monopoly

• Government Monopoly

What type of monopoly is based on based on the absence of other sellers in a certain area?

• Natural Monopoly

• Geographic Monopoly

• Technological Monopoly

• Government Monopoly

What type of monopoly is based on ownership of control of a manufacturing method, process, or other scientific advance

• Natural Monopoly

• Geographic Monopoly

• Technological Monopoly

• Government Monopoly

What type of a monopoly the government owns and operates?

• Natural Monopoly

• Technological Monopoly

• Geographic Monopoly

• Government Monopoly