What does market structure refer to?

Market Structure Quiz

Quiz
•
Other
•
12th Grade
•
Hard
Mirasol Albances
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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