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!
Competition
A leading firm
Action of demands and supply
A meeting
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Pure competition
Monopolistic market
Oligopoly
Monopolies
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Monopoly
Monopolistic market
Perfect competition
Oligopoly
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True
False
Inconclusive
Sometimes
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Competitiveness
Equilibrium
Prices
None of the above
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True
False
Inconclusive
Sometimes
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True
False
Inconclusive
Sometimes
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Products are differentiated
One firm has absolute power
Products are direct substitute
Producers determine price.
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Quantity
Quality
Price
Promotion
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