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Mr. Lee Market Structures

Authored by Erin Johnston

Social Studies

12th Grade

Mr. Lee Market Structures
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14 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is a market structure?

The organization of a market based on the number of firms

The physical location of a market

The type of goods sold in a market

The legal regulations of a market.

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

In a market, who determines the supply?

A) Buyers

B) Sellers

C) Consumers

D) Investors

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Goods or services that are not identical are found in ______ competition.

Perfect

Imperfect

Monopolistic

Oligopolistic

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

In imperfect competition, markets are often dominated by ______.

Many producers

A single or small number of producers

No producers

Infinite producers

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

In imperfect competition, which of the following is true?

A) Goods are identical

B) Markets are dominated by many producers

C) Goods are not identical

D) None of the above.

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What market structure involves many producers and differentiated products?

Monopoly

Oligopoly

Perfect Competition

Monopolistic Competition

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

In which market structure is product differentiation 'Some' and advertising 'Yes'?

A) Perfect Competition

B) Monopolistic Competition

C) Oligopoly

D) Pure Monopoly

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