Market Structure Definitions

Their is only one supplier in this market structure.

• monopoly

• monopolistic competition

• oligopoly

• pure / perfect competition

Fast food restaurants are an example of _______________.

• differentiation.

• monopolistic competition.

• pure / perfect competition.

• monopolies.

The farmers' market is an example of _______________.

• a monopoly.

• a purely/perfectly competitive market.

• an oligopoly.

• a monopolistic competition.

Which structure uses differentiation to make its products unique?

• monopoly

• monopolistic competition

• oligopoly

• pure / perfect competition

Google is an example of a

• oligopoly

• monopoly

• pure / perfect competition

• monopolistic completion

Car producers are an example of

• monopoly

• oligopoly

• monopolistic competition

• pure / perfect competition

An Oligopoly is when there are

• few producers who control the market

• only one producer

• an open market with plenty of producers

• a market that hasn't yet been discovered

In which market structure do many firms sell products that are similar but not identical?

• Monopoly

• Monopolistic Competition

• Oligopoly

• Perfect Competition

Which market structure is characterized by a single firm that controls the entire market?

• Monopoly

• Monopolistic Competition

• Oligopoly

• Perfect Competition

Which market structure involves a few large firms dominating the market?

• Monopoly

• Monopolistic Competition

• Oligopoly

• Perfect Competition