Economics
Authored by Brille Dolar
Other
10th - 12th Grade
Used 88+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • Ungraded
If company A competes with several firms in the industry but with product homogeneous to their offers on shelves, what market structure does it enter
Oligopoly
Monopoly
Monopolistic
Perfect
2.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
If Company BX competes with few large firms in the industry but with differentiated products they offer on shelves, what market structure does it enter?
Monopoly
Oligopoly
Monopolistic
Perfect
3.
MULTIPLE CHOICE QUESTION
10 sec • Ungraded
If there are several barriers on the entry and exit of firms in the industry due to huge amount of capital needed, what market structure are they in?
Monopoly
Oligopoly
Monopolistic
Perfect
4.
MULTIPLE CHOICE QUESTION
10 sec • Ungraded
If company X is the only provider of electricity energy in Metro Manila, what market structure does it join?
Perfect
Oligopoly
Monopoly
Monopolistic
5.
MULTIPLE CHOICE QUESTION
10 sec • Ungraded
ABM Supermarket has joined many and small marketers in the industry with several competitors selling the same products.What market structure does it join?
Monopoly
Oligopoly
Monopolistic
Perfect
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