Market Structures & Business Organizations

Which of the following is a government allowed monopoly?

• airline industry
• utility industry
• oil production
• wheat production

Market structure where many firms compete for a share of the market through product differentiation

• partnership
• pure competition
• monopolistic competiton
• monopoly

Business organization that has the least difficulty raising money

• corporation
• partnership
• wholesalers
• sole proprietorship

Which of the following is not a public good?

• national parks
• highways
• city libraries
• shopping malls

Stocks:_________. Bonds:_______________.

• supply, demand
• dividends, interest
• lending, buying
• corporation, sole proprietorship

When management doesn't allow the workers to work until an agreement is reached

• lockout
• boycott
• market failure
• court injunction

How can oligopolies legally control prices?

• collusion
• standardized products
• price leadership
• conglomerates

A company bought out every step of the production process from beginning to end. They own the production, the transportation of the product, and the stores where it's sold. What is this describing?

• conglomerate
• horizontal merger
• vertical merger
• partnership

Which of the following is not monopolistic competition?

• grocery stores
• clothing stores
• restaurants
• cell phone providers

An example of a horizontal merger might be if a:

• publishing company bought a movie company
• textile company became a multinational corporation
• food chain bought another food chain
• trucking company bought an airline