Market Structures

Quiz
•
History
•
9th - 12th Grade
•
Hard
Wayground Content
FREE Resource
18 questions
Show all answers
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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