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Understanding Market Types in UAE

Authored by Muhammad Javed

Other

11th Grade

Used 1+ times

Understanding Market Types in UAE
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of perfect competition?

Few sellers

Homogeneous products

Price makers

High barriers to entry

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company is an example of a monopoly in the UAE?

Emirates Airlines

Etisalat

Carrefour

Dubai Mall

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of an oligopoly market?

Many small firms

No barriers to entry

Interdependence among firms

Unique products

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best explains monopolistic competition?

A single seller dominates the market

Firms sell identical products

Many firms sell differentiated products

High barriers to entry

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In an oligopoly, how is the price typically set?

By a single firm

Through government regulation

By collusion among firms

By consumer demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does perfect competition impact consumers?

Higher prices due to lack of competition

Limited product choices

Lower prices and more choices

Decreased product quality

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of a monopoly?

Single seller

High barriers to entry

Price takers

Unique product

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