Pamilihan at Estruktura ng Pamilihan
Authored by Loise Perlas
Education
12th Grade
Used 4+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a market?
A place that shows organized transactions between buyers and sellers.
A type of competition.
A government regulation.
A type of product.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two types of markets?
Perfect Competition and Imperfect Competition.
Monopoly and Monopsony.
Oligopoly and Monopolistic Competition.
All of the above.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Perfect Competition?
Many buyers and sellers of a product.
Identical products.
Sufficient knowledge and information.
All of the above.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a monopoly?
One producer.
Ability to block competitors.
No close substitutes.
All of the above.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a monopsony?
Opposite of monopoly.
One buyer.
Government and military.
All of the above.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is oligopoly?
Collusion.
Similar reactions.
Not competing on price.
All of the above.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Monopolistic Competition?
Perfect competition and monopoly.
Government intervention.
Price control.
All of the above.
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