Market Structures & Business Organizations - Scenario Cards

Market Structures & Business Organizations - Scenario Cards

12th Grade

62 Qs

quiz-placeholder

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Market Structures & Business Organizations - Scenario Cards

Market Structures & Business Organizations - Scenario Cards

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Bryan Haire

Used 5+ times

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62 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scenario: A local wheat farmer sells grain at the market, and his product is identical to dozens of others. What type of market structure is described?

Monopoly

Oligopoly

Monopolistic Competition

Perfect Competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scenario: Dozens of fishermen bring the same type of shrimp to a dockside market, all charging nearly the same price. What type of market structure is described?

Monopoly

Oligopoly

Monopolistic Competition

Perfect Competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scenario: Hundreds of dairy farmers sell milk at prices determined by supply and demand. What type of market structure is described?

Monopoly

Oligopoly

Monopolistic Competition

Perfect Competition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scenario: Corn farmers compete in an open market where no single farmer controls the price. What type of market structure is described?

Monopoly

Oligopoly

Monopolistic Competition

Perfect Competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scenario: Independent Christmas tree sellers at a large farmers’ market all compete with nearly identical products. What type of market structure is described?

Monopoly

Oligopoly

Monopolistic Competition

Perfect Competition

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scenario: Dozens of tomato growers at a roadside market each sell the same type of produce. What type of market structure is described?

Monopoly

Oligopoly

Monopolistic Competition

Perfect Competition

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scenario: A clothing store differentiates itself with brand names and advertising. What type of market structure is described?

Monopoly

Oligopoly

Monopolistic Competition

Perfect Competition

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