Where there is a business involved, there is competition. This quiz is totally based on economics and the degree of competition that one has to face. The Demand, supply, quality, quantity, many factors like these affect the competitiveness up to a level. Take this quiz and be rest assured to sail smoothly in the world of economics!
Quantity
Quality
Price
Promotion
Competitiveness
Equilibrium
Prices
None of the above
Competition
A leading firm
Action of demands and supply
A meeting
Products are differentiated
One firm has absolute power
Products are direct substitute
Producers determine price.
True
False
Inconclusive
Sometimes
Monopoly
Monopolistic market
Perfect competition
Oligopoly
True
False
Inconclusive
Sometimes
True
False
Inconclusive
Sometimes
True
False
Inconclusive
Sometimes
Pure competition
Monopolistic market
Oligopoly
Monopolies
Wait!
Here's an interesting quiz for you.