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Market Structure Quiz

Authored by Mirasol Albances

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12th Grade

Market Structure Quiz
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does market structure refer to?

The financial performance of companies

The geographical location of companies

The number of products in a market

Classification of industries based on competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a factor that determines market structure?

Quality of customer service

Ability to negotiate

Ease of entering the market

Number of buyers and sellers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many popular types of market structures are mentioned?

Six

Four

Five

Three

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In perfect competition, what type of products do companies sell?

Unique products

Luxury products

Homogeneous products

Differentiated products

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of monopolistic competition?

Identical products

Single seller in the market

No barriers to entry

Product differentiation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of an oligopoly market?

Many small companies

A single dominant company

Few large companies

No product differentiation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens in a monopoly market?

One company controls the market

Multiple companies compete

Prices are set by consumer demand

Products are highly differentiated

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