Market Structures Quiz

Quiz
•
Social Studies
•
12th Grade
•
Medium
Marty Reeves
Used 14+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A company joins another company or companies to form a single firm.
monopoly
cartel
merger
franchise
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A formal organization of producers that agree to coordinate prices and production.
cartel
oligopoly
conglomerate
monopolistic competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Selling the market price below cost in the short term to drive competitors out of business.
price fixing
predatory pricing
price war
price discrimination
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Government policies that keep firms from controlling the price and supply of important goods.
mergers
economies of scale
deregulation
antitrust laws
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A single seller has the rights to sell goods in an exclusive market.
franchise
patent
license
monopoly
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
An agreement among firms to sell at the same or very similar prices.
price war
price fixing
price discrimination
predatory pricing
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A market structure dominated by a few large, profitable firms.
monopolistic competition
monopoly
perfect competition
oligopoly
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