C5: Market Structures PCM & Monopoly_UTMspace

C5: Market Structures PCM & Monopoly_UTMspace

University

20 Qs

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C5: Market Structures PCM & Monopoly_UTMspace

C5: Market Structures PCM & Monopoly_UTMspace

Assessment

Quiz

Social Studies

University

Practice Problem

Medium

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syamsulang sarifuddin

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which market structure best describes the rivalry between ZUS Coffee and Luckin Coffee in Malaysia?

Monopoly

Perfect competition

Monopolistic competition

Oligopoly

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Mixue and Aicha compete in the bubble tea market by offering unique flavors and branding. What type of competition is this?

Price competition

Non-price competition

Monopoly

Perfect competition

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Aina Abdul launches a perfume line with exclusive rights. What barrier to entry does this represent?

Control over raw materials

Patent and copyright

Government franchise

High startup cost

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In perfect competition, firms are considered:

Price makers

Price takers

Market leaders

Cost controllers

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which market structure best describes local thrift and bundle stores in Melaka?

Monopoly

Oligopoly

Monopolistic competition

Perfect competition

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main goal of a firm in any market structure?

To increase employment

To maximize profit

To reduce competition

To expand globally

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In monopoly, the demand curve is:

Horizontal

Perfectly elastic

Downward sloping

Vertical

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