Market Quiz
10 Questions
| Total Attempts: 404
This quiz is over market structures, government systems, and business organizations. It is 10 questions and you will have 10 minutes to complete the quiz.
Questions and Answers
- 1.Is a cartel legal here in the United States?
- 2.How many businesses are in an oligopoly?
- A.
1
- B.
A few
- C.
A lot
- 3.In a monopoly is the business allowed to control the price?
- 4.Who controls the price in pure competition?
- A.
Suppliers
- B.
Government
- C.
Market
- 5.The invisible hand is used in what type of government system?
- A.
Capitalism
- B.
Socialism
- C.
Communism
- D.
Fascism
- 6.What market has the most competition?
- 7.What type of business has the most sales in the U.S.?
- 8.In a communist economy who controls the market?
- A.
Individuals
- B.
Businesses
- C.
Government
- D.
Demand
- 9.What makes a cartel different than an oligopoly?
- A.
A cartel is legal
- B.
A cartel has an agreement between the businesses
- C.
A cartel can not control prices
- D.
A cartel uses non-price competition
- 10.What is the most common type of business?
- A.
Sole proprietor
- B.
Partnership
- C.
Corporation
Read carefully and answer all questions:
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