Market Structures Quizizz

Quiz
•
Other
•
12th Grade
•
Hard
Itzel Figueroa
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
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
Airline industries
The soft drink industries
7.
CLASSIFICATION QUESTION
3 mins • 1 pt
Groups:
(a) Pure Competition
,
(b) Monopolistic Competition
,
(c) Oligopoly
,
(d) Monopoly
No product differentiation
free to enter and exit the market
High barriers to entering the market
some ability to diferenciate their products
One Seller
identical products
No competition
A few competitors
low barriers to entering the market
Complete control of prices
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