MARKET STRUCTURE QUIZ
Authored by ARGHEL SORATIO
Business
12th Grade
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Which market structure has only one seller offering a unique product with no close substitutes?
A. Monopoly
B. Monopolistic Competition
C. Oligopoly
D. Perfect Competition
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. Which market structure is dominated by a few large sellers, where products may be similar or slightly different?
A. Monopoly
B. Monopolistic Competition
C. Oligopoly
D. Perfect Competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Fast-food chains like Jollibee and McDonald’s are examples of which market structure?
A. Monopoly
B. Monopolistic Competition
C. Oligopoly
D. Perfect Competition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Which market structure has many sellers offering identical or homogeneous products, where no single seller can influence the price?
A. Monopoly
B. Monopolistic Competition
C. Oligopoly
D. Perfect Competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. Meralco, as the sole electricity distributor in an area, is an example of which market structure?
A. Monopoly
B. Monopolistic Competition
C. Oligopoly
D. Perfect Competition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. Which market structure does Sinait Water District represent, being the only distributor of water in the Municipality of Sinait?
A. Monopoly
B. Monopolistic Competition
C. Oligopoly
D. Perfect Competition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. PLDT, Globe, and Smart dominate the telecommunications industry in the Philippines. This is an example of which market structure?
A. Monopoly
B. Monopolistic Competition
C. Oligopoly
D. Perfect Competition
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