MCQ Quiz on Market structure and competition

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  • 1/10 Questions

    In market structure, monopoly is characterized by _________.

    • No seller
    • Too many sellers
    • One seller
    • More than one seller
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About This Quiz

How well do you know and understand the market? Are you well-prepared to take this MCQ quiz on market structure and competition? Market structure and competition show how firms are differentiated and categorized based on the different types of goods they offer as well as how their operations are affected by various external factors and elements. With these questions, you will have a better and more in-depth understanding of market structure and competition. All the best.

MCQ Quiz On Market Structure And Competition - Quiz

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  • 2. 

    Monopoly and monopolistic competition

    • Are different

    • Mean the same

    • Are parallel to each other

    • None of these

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  • 3. 

    Which of these is an example of externality?

    • Air pollution by factories

    • Water pollution by factories

    • Both A & B

    • None of these

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  • 4. 

    In a monopoly, entry into the market is very easy.

    • True

    • True in most cases

    • True in some usual cases

    • Not true at all

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  • 5. 

    Oligopoly is

    • A state of no competition

    • A state of limited competition

    • A state of unlimited competition

    • None of these

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  • 6. 

    ________ can not be called a type of market structure.

    • Perfect competition

    • Monopolistic competition

    • Competitive monopoly

    • All of these

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  • 7. 

    Someone enjoying the benefit of a good without paying is an example of

    • Free rider

    • Monopoly

    • Monopolistic competition

    • None of these

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  • 8. 

    Which of these is a good example of a monopoly in the market?

    • Natural-gas company

    • Electricity company

    • Both A & B

    • None of these

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  • 9. 

    This is not a part of perfect competition.

    • Buyers and sellers are well-informed.

    • Sellers cannot enter the market easily.

    • Prices are low.

    • None of these

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  • 10. 

    What is the most common non-Price competition?

    • Advertisement

    • Product piracy

    • Branding

    • Product differentiation

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Quiz Review Timeline (Updated): Aug 16, 2023 +

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  • Current Version
  • Aug 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 11, 2022
    Quiz Created by
    Keith Foster
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