Monopoly Market Structure
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
John Robinson
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In this market, the producer is the least responsive to buyers' needs and wants.
Perfect Competition
Pure Monopoly
Monopolistic Competition
Oligopoly
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In this market, a good is protected from competition by a patent.
Perfect Competition
Pure Monopoly
Monopolistic Competition
Oligopoly
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A monopoly based on the absence of other sellers in a certain location is called
an oligopoly
a natural monopoly
a geographic monopoly
economies of scale
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following would be most likely be subject to government monopoly regulations?
computer software company
large oil company
local restaurant
local cable company
5.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
This market structure is characterized by the lowest level of competition among producers.
monopolistic competition
monopoly
oligopoly
perfect competition
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
In the 1990s, AT&T controlled 80% of the phone industry and was the ONLY provider of long distance phone service. This is an example of
monopoly
Monopolistic Competition
Perfect Competition
Oligopoly
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
MARKET DOMINATED BY A SINGLE SELLER
OLIGOPOLY
MONOPOLY
PERFECT COMPETITION
MONOPOLISTIC COMPETITION
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