Competition does NOT encourage companies to do which of the following?

Competition & Free Enterprise - Final Assessment

Quiz
•
others
•
9th Grade
•
Medium
GUS GESLING
Used 4+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Improve products
Target different markets
Reduce prices
Decrease advertising
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which economic system prohibits the private ownership and management of resources and emphasizes income and wealth equality?
Free enterprise
Capitalism
Communism
Socialism
3.
DRAG AND DROP QUESTION
30 sec • 1 pt
Pure competition creates markets with large numbers of buyers and sellers exchanging a(n) (a) product.
Technological
Online
Unique
Homogenous
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An oligopoly is most distinguished by the firms interdependence on pricing and marketing.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Monopolistic competition refers to a market structure where many firms compete against each other when selling similar, but slightly differentiated products.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of market structure has only one firm producing a product?
Monopoly
Oligopoly
Monopolistic competition
Pure competition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following allow fair access to markets for entrepreneurs and are sometimes known as competition laws?
Free enterprise laws
Trade laws
Anti-trust laws
Capitalistic laws
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