EPF 1.2

EPF 1.2

12th Grade

11 Qs

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EPF 1.2

EPF 1.2

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

Nikki Brewer

Used 57+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The market structure is determined by _________ in the market

number of products

type of government

competition

traditional values

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of market structure there is only ONE producer

Perfect Competition
Monopolistic Competition
Oligopoly

(Pure) Monopoly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this market structure there are very few number of producers

Monopoly
Perfect Competition
Oligopoly
Monopolistic Competition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this market structure there are many producers with similar but not identical products (ex - restaurants, clothing industry)

Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this market structure there are many producers that make the exact same type of product (this one does not really exist in society)

Monopolistic competition
Oligopoly
Monopoly
Perfect competition

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The highest point in the business cycle

Peak
Trough
Expansion
Recession

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The lowest point in the business cycle

Peak
Expansion
Recession
Trough

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