Types of Competition

Types of Competition

University

15 Qs

quiz-placeholder

Similar activities

Nearpod

Nearpod

12th Grade - University

15 Qs

AP Human Maps

AP Human Maps

9th Grade - University

15 Qs

AP Microeconomics Review Unit

AP Microeconomics Review Unit

12th Grade - University

15 Qs

Target Market

Target Market

University

15 Qs

LONG QUIZ

LONG QUIZ

1st Grade - University

20 Qs

Economic System Quiz

Economic System Quiz

University

10 Qs

FakPro

FakPro

University

20 Qs

Soal Geo-Politik Dan Geo-Ekonomi

Soal Geo-Politik Dan Geo-Ekonomi

7th Grade - Professional Development

10 Qs

Types of Competition

Types of Competition

Assessment

Quiz

Social Studies

University

Medium

Created by

Katie Lotz

Used 27+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Perfectly competitive markets sell

differentiated products

homogenous products

a combination of differentiated and homogenous products

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The market demand curve for a perfectly competitive industry is

horizontal

downward sloping

vertical

upward sloping

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All firms will maximize profit where

MR = MC

MR > MC

MR < MC

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a problem that we see with monopolies?

higher prices

lower output

rent seeking

innovation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monopolies are guaranteed to make a profit.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A key characteristic of monopolistically competitive firms is

barriers to entry

few buyers and sellers

differentiated products

long-run economic profits

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A key characteristic of oligopolistic firms is

no barriers to entry or exit

interdependence between firms

no long run economic profits

differentiated products

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?

Discover more resources for Social Studies