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Understanding Monopolies and Market Dynamics

Authored by Andrew Fedder

Social Studies

12th Grade

Understanding Monopolies and Market Dynamics
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15 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is a monopoly?

A government-run industry

A company that controls most or all of the market for a product or service

A market with many competitors

A partnership between two companies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company was mentioned as selling tens of millions of tickets each year?

Google

Amazon

Live Nation

Apple

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What year did Congress pass the Sherman Antitrust Act?

2024

1890

1970

1902

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was known as a 'trust buster'?

John D. Rockefeller

Theodore Roosevelt

Jeff Bezos

Bill Gates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company was accused of using its power to undercut competitors and was later broken up?

Google

Standard Oil Company

Live Nation

AT&T

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the Justice Department accuse Google of in September?

Selling too many Chromebooks

Abusing its power over online searches

Creating a monopoly in the smartphone market

Undercutting cloud service competitors

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company was sued for controlling online shopping in ways that stifled competition?

Meta

Amazon

Walmart

eBay

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