MARKET STRUCTURE QUIZ

1. Which market structure has only one seller offering a unique product with no close substitutes?

• A. Monopoly

• B. Monopolistic Competition

• C. Oligopoly

• D. Perfect Competition

2. Which market structure is dominated by a few large sellers, where products may be similar or slightly different?

• A. Monopoly

• B. Monopolistic Competition

• C. Oligopoly

• D. Perfect Competition

3. Fast-food chains like Jollibee and McDonald’s are examples of which market structure?

• A. Monopoly

• B. Monopolistic Competition

• C. Oligopoly

• D. Perfect Competition

4. Which market structure has many sellers offering identical or homogeneous products, where no single seller can influence the price?

• A. Monopoly

• B. Monopolistic Competition

• C. Oligopoly

• D. Perfect Competition

5. Meralco, as the sole electricity distributor in an area, is an example of which market structure?

• A. Monopoly

• B. Monopolistic Competition

• C. Oligopoly

• D. Perfect Competition

6. Which market structure does Sinait Water District represent, being the only distributor of water in the Municipality of Sinait?

• A. Monopoly

• B. Monopolistic Competition

• C. Oligopoly

• D. Perfect Competition

7. PLDT, Globe, and Smart dominate the telecommunications industry in the Philippines. This is an example of which market structure?

• A. Monopoly

• B. Monopolistic Competition

• C. Oligopoly

• D. Perfect Competition

8. Bench, Penshoppe, and other garment brands compete by differentiating their RTWs and branding. What market structure is this?

• A. Monopoly

• B. Monopolistic Competition

• C. Oligopoly

• D. Perfect Competition

9. Farmers in Ilocos Sur selling rice in the public market where prices are nearly the same is an example of which market structure?

• A. Monopoly

• B. Monopolistic Competition

• C. Oligopoly

• D. Perfect Competition

10. San Miguel Corporation (SMC) is a major producer of beer, but it also competes with other beverage companies. This best fits under which market structure?

• A. Monopoly

• B. Monopolistic Competition

• C. Oligopoly

• D. Perfect Competition