
Market Structures Quiz
Authored by Catherine Dawson
Other
11th Grade
Used 11+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure is characterized by a very large number of small sellers and homogeneous products?
Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of products are typically found in a monopolistic competition market structure?
Unique
Homogeneous
Slightly Differentiated
Highly Differentiated
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which market structure are there high barriers making it difficult for new firms to enter?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a market structure where one seller only exists and the product is unique?
Oligopoly
Monopolistic Competition
Perfect Competition
Monopoly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which real-world example best fits the market structure of Monopoly?
Agricultural products
Fashion Boutiques
Public utilities
Car manufacturing
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure features a few large producers with significant market power?
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of products in a perfectly competitive market?
Highly Differentiated
Unique
Homogeneous
Slightly Differentiated
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