Market Structures Quiz
12th Grade
•10 Qs
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Market Structures Quiz
Quiz
•
12th Grade
•
Practice Problem
•
Hard
Christopher Yellowe
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure is characterized by a large number of small firms producing identical products?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which market structure do firms have some control over the price of their products due to product differentiation?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure is characterized by a small number of large firms dominating the market?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which market structure does a single firm or entity have complete market power and can set prices without competition?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure has no barriers to entry or exit and all firms are price takers?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure has relatively low entry and exit barriers and firms produce differentiated products?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure has high barriers to entry, firms engage in strategic behavior, and a small number of large firms dominate the market?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
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