
Market Structures
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Social Studies
12th Grade
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20 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
An oil driller, oil refinery, and gas company merge.... this is a ________________ merger
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Choose the example that goes best with an oligopoly.
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
An industry that is dominated by a few large firms is
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Public utilities are an example.
Perfect Competition
Natural Monopoly
Monopolistic Competition
Oligopoly
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following industries is an example of a monopoly?
utilities/water
department stores
auto industry
commercial airlines
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What prevents firms from entering a monopoly?
Barriers to Entry
Technology
Price
Barriers to Travel
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Factors that make it difficult for new firms to enter a market are called
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