Monopolistic Competition
Quiz
•
Social Studies
•
12th Grade
•
Hard
Standards-aligned
John Robinson
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which one of the following statements is not a characteristic of monopolistic competition?
Ease of entry into the industry
Product differentiation
A relatively large number of sellers
A homogenous product
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which of the following statements correctly identifies a difference between perfect competition and monopolistic competition?
In perfect competition there are no barriers to entry, but there are strong barriers in monopolistic competition.
In perfect competition there are many firms, but in monopolistic competition there are only a few firms.
In perfect competition the firms all sell products that are exactly the same, but in monopolistic competition each firm sells a slightly differentiated product.
In perfect competition there are few consumers, but in monopolistic competition there are many consumers.
3.
MULTIPLE SELECT QUESTION
1 min • 5 pts
What differs monopolistic competition from perfect competition?
product differentiation
long-run inefficiency
barriers to entry
the short-run profits and losses possibility
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
In monopolistic competition producers....
have a full ability to set prices
have some ability to set prices
have no ability to set prices
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How might a firm in a monopolistic competition market structure increase its market share?
By reducing production costs
By differentiating its product
By forming a cartel
By lobbying for government protection
Tags
DOK Level 3: Strategic Thinking
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which of the following industries is the best example of monopolistic competition?
Wheat
Restaurant
Automobile
Water service
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What type of products will firms produce in monopolistic competition?
Firms produce significantly differentiated products
Firms produce slightly differentiated products
Firms produce homogenous products with one modification
Firms produce a variety of different products
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
20 questions
Factors of supply changes
Quiz
•
12th Grade
28 questions
Imperialism
Quiz
•
9th - 12th Grade
20 questions
THE CONTEMPORARY WORLD Q1
Quiz
•
University
20 questions
CoronaQuiz #10
Quiz
•
12th Grade
21 questions
Sociology 1
Quiz
•
10th - 12th Grade
20 questions
Economies of the Middle East
Quiz
•
7th Grade - University
20 questions
Supply & Demand Review
Quiz
•
12th Grade
22 questions
Stock market vocabulary
Quiz
•
10th - 12th Grade
Popular Resources on Wayground
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
20 questions
MINERS Core Values Quiz
Quiz
•
8th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
10 questions
How to Email your Teacher
Quiz
•
Professional Development
15 questions
Order of Operations
Quiz
•
5th Grade
Discover more resources for Social Studies
17 questions
Elections Vocabulary MMS
Quiz
•
8th - 12th Grade
39 questions
Unit 7 Key Terms
Quiz
•
11th Grade - University
20 questions
Research Methods Quiz
Quiz
•
12th Grade
20 questions
Americanism: Federal review
Quiz
•
10th - 12th Grade
33 questions
Middle Ages and Renaissance Test Review
Quiz
•
9th - 12th Grade
35 questions
Executive Branch Review
Quiz
•
9th - 12th Grade
47 questions
Executive Branch
Quiz
•
12th Grade
41 questions
Midterm Review 2025
Quiz
•
12th Grade
