Everyone is selling the exact same product...
Econ: Types of Markets
9th - 12th Grade
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Econ: Types of Markets
Quiz
•
Social Studies
•
9th - 12th Grade
•
Hard
James Godoy
Used 15+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There are a lot of sellers (over 100) and plenty of buyers
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
No single seller has enough power to influence the market
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This market is easy for sellers to enter and easy to exit
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is no advertising for these types of products.
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Examples of this type are: farm products, salt, snow shoveling services in a big city with lots of snow
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this market, everyone sells a product that is slightly different than everyone else.
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
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