
Market Structures Quiz
Authored by Danielle Jolosa
Business
11th Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of technology in a perfectly competitive market?
Creates barriers to entry
Provides unequal access
Ensures equal access
Limits productivity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure is described as having a large number of businesses?
Monopoly
Oligopoly
Perfect competition
Monopolistic competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does perfect competition serve as a model in economics?
It is a common real-world scenario
It helps analyze other market structures
It limits market analysis
It is irrelevant to market studies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a characteristic of oligopolistic competition?
Many businesses with no dominant players
Only a few businesses dominate the market
No barriers to entry
Weak brand identity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are products in monopolistic competition typically described?
Identical
Differentiated from each other
Homogeneous
Standardized
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much control do businesses have over prices in monopolistic competition?
Complete control
No control
Limited control
Total control
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a characteristic of the barriers to entry in monopolistic competition?
High barriers
Few barriers
No barriers
Unlimited barriers
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