Market Structure Quiz

Market Structure Quiz

12th Grade

14 Qs

quiz-placeholder

Similar activities

Marketing Concepts

Marketing Concepts

10th - 12th Grade

12 Qs

Market structures

Market structures

9th - 12th Grade

15 Qs

Econ: Chapter 7 Review

Econ: Chapter 7 Review

11th - 12th Grade

10 Qs

EPF Chapter 12 Vocab

EPF Chapter 12 Vocab

9th - 12th Grade

17 Qs

Role of Government in the Economy

Role of Government in the Economy

10th Grade - University

14 Qs

Economics via Schools PLP - Unit 2 CFU

Economics via Schools PLP - Unit 2 CFU

12th Grade

10 Qs

Subhashish Gogoi

Subhashish Gogoi

12th Grade - University

10 Qs

Pricing Quiz 2 2018

Pricing Quiz 2 2018

9th - 12th Grade

9 Qs

Market Structure Quiz

Market Structure Quiz

Assessment

Quiz

Other

12th Grade

Hard

Created by

Mirasol Albances

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does market structure refer to?

The financial performance of companies

The geographical location of companies

The number of products in a market

Classification of industries based on competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a factor that determines market structure?

Quality of customer service

Ability to negotiate

Ease of entering the market

Number of buyers and sellers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many popular types of market structures are mentioned?

Six

Four

Five

Three

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In perfect competition, what type of products do companies sell?

Unique products

Luxury products

Homogeneous products

Differentiated products

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of monopolistic competition?

Identical products

Single seller in the market

No barriers to entry

Product differentiation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of an oligopoly market?

Many small companies

A single dominant company

Few large companies

No product differentiation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens in a monopoly market?

One company controls the market

Multiple companies compete

Prices are set by consumer demand

Products are highly differentiated

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?