Market Structures and Competition Review

Market Structures and Competition Review

9th - 12th Grade

31 Qs

quiz-placeholder

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Market Structures and Competition Review

Market Structures and Competition Review

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Carter Bott

Used 60+ times

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31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following Market structures has the most sellers?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a town has only one gas station then the market for gas in that town is in which market structure?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these market structures has the least control over price in the marketplace?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5 cell phone makers control about 85% of the market for cell phones so they are in what market structure:

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ton of companies make clothing but some brands are able to charge more because of perceived status or quality. this puts them in which market structure

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this market structure there is little of no difference between the product no matter what company produces it?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a person gets a patent on a product that product is in which market structure?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

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