Market Structures
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Market Structures
Passage
•
Social Studies
•
12th Grade
•
Hard
MARISSA DECKER
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main characteristic of a monopoly?
Low differentiation and many competitors
Low differentiation and one competitor
High differentiation and one competitor
High differentiation and many competitors
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main characteristic of perfect competition?
High differentiation and many competitors
Low differentiation and many competitors
High differentiation and one competitor
Low differentiation and one competitor
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a market with a few sellers and some differentiation in products?
Perfect competition
Monopolistic competition
Monopoly
Oligopoly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure has a single seller with low differentiation in products?
Monopoly
Monopolistic competition
Oligopoly
Perfect competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which market structure can the seller set the price and quantity?
Oligopoly
Monopoly
Perfect competition
Monopolistic competition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a market with many competitors and high differentiation in products?
Oligopoly
Monopoly
Perfect competition
Monopolistic competition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which industry is an example of perfect competition?
Unbranded PCs
Branded computers
Screw manufacturers
Fine dining
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