Quiz on Competition Types

Quiz on Competition Types

9th Grade

15 Qs

quiz-placeholder

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Quiz on Competition Types

Quiz on Competition Types

Assessment

Quiz

Financial Education

9th Grade

Hard

Created by

Bassant Elassal

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of imperfect competition?

Homogeneous products

Price takers

Innovation and differing business practices

Complete market information

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a market with perfect competition, what role do participants play regarding price?

Price makers

Price takers

Price controllers

Price negotiators

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key factor that differentiates perfect competition from imperfect competition?

Number of suppliers

Market share equality

Innovation

Exit barriers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of information in a perfectly competitive market?

It is limited

It is complete

It is controlled

It is irrelevant

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Pareto distribution in imperfect competition illustrate?

Equal power distribution

Market evolution towards power concentration

Homogeneous product distribution

Complete market transparency

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company is given as an example of a monopoly due to innovation?

Microsoft

Google

Apple

Amazon

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can lead to the establishment of a monopoly through business practices?

Poor customer service

High employee turnover

Effective business practices

Low product quality

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