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Market Structures Quizizz

Authored by Itzel Figueroa

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12th Grade

Market Structures Quizizz
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7 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is the characteristic of pure (perfect) competition?

Some control over price

Few competitors

Large number of sellers

Product differentiation

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which industry is an example of monopolistic competition?

Airline industry

Electricity producers

Automotive industry

Market gardeners

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What are the characteristics of an oligopoly?

A few competitors

No competition

Large number of sellers

Some control over price

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of monopoly is characterized by a company having specific manufacturing processes or key technologies?

Natural Monopoly

Technological Monopoly

Government Created Monopoly

Monopolistic Competition

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In which type of monopoly is competition prohibited by law?

Technological Monopoly

Natural Monopoly

Government Created Monopoly

Monopolistic Competition

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of monopolistic competition?

Car manufacturers

Restaurants, clothing stores, and hair salons

Airline industries

The soft drink industries

7.

CATEGORIZE QUESTION

3 mins • 1 pt

Organize these options into the right categories

Groups:

(a) Pure Competition

,

(b) Monopolistic Competition

,

(c) Oligopoly

,

(d) Monopoly

Complete control of prices

some ability to diferenciate their products

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free to enter and exit the market

No product differentiation

No competition

High barriers to entering the market

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identical products

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A few competitors

One Seller

low barriers to entering the market

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