Market Structures Quiz

Which market structure is characterized by having a single firm?

• Pure Competition

• Monopoly

• Oligopoly

• Monopolistic Competition

In which market structure is it easy to enter and there are many firms?

• Monopoly

• Oligopoly

• Pure Competition

• Monopolistic Competition

Which market structure involves significant control over prices and few firms?

• Pure Competition

• Monopoly

• Oligopoly

• Monopolistic Competition

What type of products are found in a monopolistic competition market structure?

• Identical products

• A unique (different) product

• Similar or different products

• No products

Which market structure is associated with companies having patents?

• Monopoly

• Pure Competition

• Oligopoly

• Monopolistic Competition

In which market structure is there no control over prices?

• Monopoly

• Pure Competition

• Oligopoly

• Monopolistic Competition

Which market structure is characterized by a lot of non-price competition?

• Monopoly

• Pure Competition

• Oligopoly

• Monopolistic Competition

Which market structure is difficult to enter and has significant control over prices?

• Monopoly

• Pure Competition

• Oligopoly

• Monopolistic Competition

Which market structure is associated with regulated public utilities?

• Monopoly

• Pure Competition

• Oligopoly

• Monopolistic Competition

In which market structure do gas stations typically operate?

• Monopoly

• Pure Competition

• Oligopoly

• Monopolistic Competition