Market Structures

Market Structures

Assessment

Flashcard

Social Studies

10th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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22 questions

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1.

FLASHCARD QUESTION

Front

If a single firm raises its price it will not be able to sell any of its output.

Back

Perfect Competition

2.

FLASHCARD QUESTION

Front

The actions of an individual seller do not affect the overall supply or price of a good or service.

Back

Perfect Competition

3.

FLASHCARD QUESTION

Front

In this market, the producer is the least responsive to buyers' needs and wants.

Back

Pure Monopoly

4.

FLASHCARD QUESTION

Front

Firms in this kind of market produce goods that are very close substitutes.

Back

Monopolistic Competition

5.

FLASHCARD QUESTION

Front

In this market, a good is protected from competition by a patent.

Back

Pure Monopoly

6.

FLASHCARD QUESTION

Front

An action by one seller in this market will always affect all the others.

Back

Oligopoly

7.

FLASHCARD QUESTION

Front

Public utilities are an example of what type of market structure?

Back

Pure Monopoly

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