Market Quiz

10 Questions | Total Attempts: 404

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Market Quizzes & Trivia

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

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