11. Market power: perfect and monopolistic competition

11. Market power: perfect and monopolistic competition

9th Grade

15 Qs

quiz-placeholder

Similar activities

Introduction to Applied Economics

Introduction to Applied Economics

9th - 12th Grade

10 Qs

The Masked Singer

The Masked Singer

5th Grade - Professional Development

13 Qs

Emotions Through Distortion Lenses

Emotions Through Distortion Lenses

9th Grade - University

17 Qs

Cars

Cars

5th Grade - University

17 Qs

The Employee Experience Quiz

The Employee Experience Quiz

KG - Professional Development

13 Qs

AP Political Beliefs and Behaviors

AP Political Beliefs and Behaviors

9th - 12th Grade

20 Qs

Intro to Simple Machines

Intro to Simple Machines

7th - 12th Grade

15 Qs

Pendidikan Islam (aqidah)

Pendidikan Islam (aqidah)

1st - 12th Grade

15 Qs

11. Market power: perfect and monopolistic competition

11. Market power: perfect and monopolistic competition

Assessment

Quiz

Other

9th Grade

Hard

Created by

Anna Rabiega

Used 6+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

What type of demand curve do the „price-makers” experience?

Upward-sloping

Horizontal

Downward-sloping

Vertical

2.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

What type of market structure is described below?

-Fairly large number of sellers

  • - Small firms, relatively to the size of the industry

  • - Differentiated products

  • - No barriers to entry/exit

monopolistic competition

oligopoly

perfect competition

monopoly

3.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Firms in perfect competition are:

Price-makers

Price-takers

4.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

What type of demand curve do price-takers experience?

Downward-sloping

Horizontal

Vertical

Upward-sloping

5.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Which level of output is the level of profit maximization?

AC=MC

MC=MR

MC=AR

AR=MR

6.

MULTIPLE SELECT QUESTION

10 mins • 1 pt

Select all situations that may happen in the long-run in perfect competition?

Losses

Abnormal profits

Normal profits

7.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

What is the point of productive efficiency?

AR=MR

MC=AC

MC=AR

AC=MR

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?