Microeconomics: Market Structures
Assessment
•
Silent Tiger
•
Social Studies
•
University
•
39 plays
•
Medium
Student preview
25 questions
Show all answers
1.
MULTIPLE CHOICE
30 sec • 1 pt
There is no single seller or buyer can influence the change in market price of a product.
2.
MULTIPLE CHOICE
30 sec • 1 pt
There is a large number of independent sellers.
3.
MULTIPLE CHOICE
30 sec • 1 pt
What is the difference between perfect competition and monopolistic competition?
4.
MULTIPLE CHOICE
30 sec • 1 pt
The market type known as perfect competition is____
5.
MULTIPLE CHOICE
30 sec • 1 pt
Which of the following is the best example of a perfectly competitive market?
6.
MULTIPLE CHOICE
30 sec • 1 pt
Perfectly competitive firms are price takers because
7.
MULTIPLE CHOICE
30 sec • 1 pt
One of the requirements for a monopoly is that
8.
MULTIPLE CHOICE
30 sec • 1 pt
An industry with a large number of firms, differentiated products, and free entry and exit is called
9.
MULTIPLE CHOICE
30 sec • 1 pt
In perfect competition, a firm maximizes profit in the short run by deciding
10.
MULTIPLE CHOICE
30 sec • 1 pt
A price-taking firm
Explore all questions with a free account
Find a similar activity
Create activity tailored to your needs using
.svg)
Economic Competition
•
9th Grade - University
Something something
•
University
Tutorial Market system 1
•
University
Market Structure EI
•
University
MONOPOLISTIC COMPETITION AND OLIGOPOLY
•
University
Market
•
12th Grade - University
Monopolistic Competition
•
12th Grade - University
Market Structure Definitions
•
12th Grade - University