Topic 4 Econ Review
Authored by David Theobald
History
12th Grade
Used 4+ times
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following industries is an example of a monopoly?
utilities/water
departments stores
auto industry
commercial airlines
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is not a characteristic of monopolistic competition?
products are very similar so there must be product differentiation
very competitive
lots of advertising
identical products
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is not a characteristic of an oligopoly?
many sellers
not as much competition - firms have some control over prices
lots of advertising
many barriers to entry
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A merger that joins companies that are at different steps of producing the same product is called a...
vertical merger.
conglomerate.
horizontal merger.
corporation.
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A merger that joins companies that produce very similar products is called...
conglomerate.
vertical merger.
horizontal merger.
corporation.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does this curve represent?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does this curve represent?
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