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MARKET STRUCTURE QUIZ

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

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

a)

A. Monopoly

b)

B. Monopolistic Competition

c)

C. Oligopoly

d)

D. Perfect Competition

2.

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

a)

A. Monopoly

b)

B. Monopolistic Competition

c)

C. Oligopoly

d)

D. Perfect Competition

3.

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

a)

A. Monopoly

b)

B. Monopolistic Competition

c)

C. Oligopoly

d)

D. Perfect Competition

4.

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

a)

A. Monopoly

b)

B. Monopolistic Competition

c)

C. Oligopoly

d)

D. Perfect Competition

5.

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

a)

A. Monopoly

b)

B. Monopolistic Competition

c)

C. Oligopoly

d)

D. Perfect Competition

6.

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

a)

A. Monopoly

b)

B. Monopolistic Competition

c)

C. Oligopoly

d)

D. Perfect Competition

7.

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

a)

A. Monopoly

b)

B. Monopolistic Competition

c)

C. Oligopoly

d)

D. Perfect Competition

8.

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

a)

A. Monopoly

b)

B. Monopolistic Competition

c)

C. Oligopoly

d)

D. Perfect Competition

9.

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)

A. Monopoly

b)

B. Monopolistic Competition

c)

C. Oligopoly

d)

D. Perfect Competition

10.

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)

A. Monopoly

b)

B. Monopolistic Competition

c)

C. Oligopoly

d)

D. Perfect Competition