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Market Structures

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9th - 12th Grade

Market Structures
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what type of market structure would the jeans industry fall? (jeans are similar but there are some differences in the product)

monopoly

oligopoly

perfect competition

monopolistic competition

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

This market structure has 3-4 companies that dominate 70-80% of the industry. 

Monopoly

Monopolistic Competition

Perfect Competition

Oligopoly 

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

List the four market structures in order from least competitive to most competitive.

Oligopoly, Monopoly, Perfect Competition, Monopolistic Competition

Perfect Competition, Oligopoly, Monopoly, Monopolistic Competition

Monopoly, Oligopoly, Monopolistic Competition, Perfect Competition

Monopoly, Monopolistic Competition, Perfect Competition, Oligopoly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market structure is a "price taker"?

perfect competition

monopolistic competition

oligopoly

monopoly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of market structure has many producers (companies) that sell identical products and have no control over the price?

perfect competition

monopolistic competition

oligopoly

monopoly

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which market structure is there the LEAST competition?

Monopoly

Oligopoly

Monopolistic Competition

Perfect Competition

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market structure is characterized by a single seller?

Oligopoly

Perfect Competition

Monopolistic Competition

Monopoly

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