Economics Market Structures

Economics Market Structures

10th - 12th Grade

22 Qs

quiz-placeholder

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Economics Market Structures

Economics Market Structures

Assessment

Quiz

Social Studies

10th - 12th Grade

Hard

Created by

Patricia White

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Public utilities are an example.

Perfect Competition

Pure Monopoly

Monopolistic Competition

Oligopoly

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