m- str

m- str

12th Grade

39 Qs

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m- str

m- str

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

Isa Kazim

Used 5+ times

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39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main types of market structures?

Perfect competition, monopoly, and oligopoly

Supply, demand, and price

Buyers, sellers, and producers

Imports, exports, and tariffs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market structure has many sellers offering identical products?

Monopoly

Oligopoly

Perfect competition

Monopsony

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Carrefour

Noon.com

Dubai Metro

Apple

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when there is only one seller in the market?

Prices decrease due to competition

Consumers have more choices

The company has full control over prices

More companies enter the market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Oligopoly is best described as:

A market with a single seller

A market with many small businesses competing

A market dominated by a few large firms

A market where firms cannot control prices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector in the UAE is characterized by a few dominant firms controlling the market?

Electricity generation

Banking

Retail

Food delivery services

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary advantage of perfect competition?

High barriers to entry

Prices remain low due to competition

Only a few firms dominate

Government control over prices

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