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WHIHC MARKET STRUCTURE

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

WHICH IS BEST FOR BUSINESS OBJECTIVE OF BEST PROFITS

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

2.

WHICH IS WORST FOR BUSINESS OBJECTIVE OF HIGH PROFITS

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

3.

WHICH IS BEST FOR BUSINESS OBJECTIVE OF BEST EFFICIENCY

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

4.

WHICH IS BEST FOR BUSINESS OBJECTIVE OF BEST INNOVATION AND TECHNOLOGY

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

5.

WHICH IS WORST FOR BUSINESS OBJECTIVE OF BEST INNOVATION AND TECHNOLOGY

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

6.

WHICH IS WORST FOR CONSUMER OBJECTIVE OF BEST CHOICE

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

7.

WHICH IS BEST FOR CONSUMER OBJECTIVE OF BEST CHOICE

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

8.

WHICH IS BEST FOR CONSUMER OBJECTIVE OF BEST QUALITY

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

9.

WHICH IS WORST FOR CONSUMER OBJECTIVE OF BEST QUALITY

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

10.

WHICH IS BEST FOR CONSUMER OBJECTIVE OF BEST PRICE ( MULTIPLE ANSWERS )

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

11.

WHICH IS NOT INTERESTED IN PROFITS AND RAPID INNOVATION

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

12.

CAFES, RESTAURANTS, HAIRDRESSERS, CLOTHES ARE EXAMPLES OF

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

13.

SCHOOL UNIFORM SHOP, AUSTRALIA RAIL, POST OFFICE ARE EXAMPLES OF

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

14.

WHIHC OF THE FOLLOWING IS THE MOST TECHNICALLY EFFICIENT ( ASBLE TO PRODUCE FOR THE LOWEST COST)

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

15.

WHIHC OF THE FOLLOWING IS THE MOST DYNAMICALLY EFFICIENT ( MOST ABLE TO PMEET CONSUMER DEMAND )

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

16.

WHIHC OF THE FOLLOWING IS THE MOST ALLOCATIVELY EFFICIENT THEORETICALLY ( PRICE = MC )

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

17.

WHICH OF THE FOLLOWING OVERALL IS BEST FOR BOTH PRODUCERS AND CONSUMERS

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

18.

TV STATIONS, RADIO STATIONS, CINEMA CHAINS AND FAST FOOD FRANCHISES ARE EXAMPLES OF

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

19.

PETROL STATION IN THE MIDDLE OF THE NULLABOR, PATENT HOLDERS OF A NEW MEDICINE , SA WATER ARE EXAMPLES OF

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

20.

STOCK MARKETS, WHEAT , CENTRAL MARKETS ARE EXAMPLES OF

a)

PERFECT COMPETITION

b)

MONOPOLISTIC COMPETITION

c)

OLIGOPOLY

d)

PUBLIC MONOPOLY

e)

PRIVATE MONOPOLY

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