Market Structures Quiz

Market Structures Quiz

12th Grade

20 Qs

quiz-placeholder

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Market Structures Quiz

Market Structures Quiz

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

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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