Which is an industry with significant barriers to entry and a single supplier?
Economics Final
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Economics Final
Quiz
•
Social Studies
•
11th - 12th Grade
•
Hard
Alina Masotti
Used 15+ times
FREE Resource
49 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Monopolistic Competition
Oligopoly
Monopoly
Perfect Competition
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which is a highly concentrated market with just a few interdependent firms
Monopoly
Oligapoly
Perfect Competition
Monopolistic Competition
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which is a highly competitive market with slightly differentiated products?
Monopolistic Competition
Oligopoly
Monopoly
Perfect Competition
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which is a highly competitive market where firms are price takers?
Perfect Competition
Monopoly
Oligopoly
Monopolistic Competition
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is the most competitive market structure?
Monopolistic Competition
Perfect Competition
Oligopoly
Monopoly
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is the least competitive market structure?
Monopoly
Monopolistic Competition
Oligopoly
Perfect Competition
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is NOT a feature of monopolistic competition?
Numerous Sellers
Product Differentiation
Numerous Buyers
Homogenous Products
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