
Market Structures and Functions

Interactive Video
•
Business
•
10th - 12th Grade
•
Hard

Lucas Foster
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a modern example of a market where buyers and sellers do not meet face-to-face?
Regional market
Online market
Traditional market
Local market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an element of a market?
Sellers
Buyers
Products
Weather
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a transaction in a market?
To promote products
To facilitate trade
To set prices
To employ workers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which function of a market involves setting the value of goods and services?
Promotion
Distribution
Price setting
Employment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is a traditional market different from an online market?
It involves face-to-face transactions
It has a wider reach
It is more expensive
It is faster
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of market is characterized by transactions occurring once a year?
Daily market
Annual market
Weekly market
Monthly market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which market structure is defined by a single seller dominating the market?
Perfect competition
Monopoly
Oligopoly
Monopolistic competition
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