Market Structures and Modern Figures Quiz

Which market structure has only one seller controlling the entire market?

• Monopoly

• Perfect Competition

• Oligopoly

Which market structure has many sellers offering nearly identical products?

• Monopoly

• Perfect Competition

• Oligopoly

Which market structure is dominated by a few large companies?

• Monopoly

• Perfect Competition

• Oligopoly

The U.S. electricity supply in most towns is an example of:

• Monopoly

• Perfect Competition

• Oligopoly

The soda industry (Coke and Pepsi dominating) is an example of:

• Monopoly

• Perfect Competition

• Oligopoly

Farmers selling corn at the same price in a market is an example of:

• Monopoly

• Perfect Competition

• Oligopoly

Airlines controlling most routes between big cities is an example of:

• Monopoly

• Perfect Competition

• Oligopoly

Which company did Jeff Bezos create?

• Amazon

• Tesla

• SpaceX

Amazon’s purchase of Whole Foods is an example of:

• Acquisition

• Merger

• Partnership

Critics argue that Amazon’s working conditions and treatment of small businesses make Bezos a modern:

• Robber Baron

• Captain of Industry

• Philanthropist