Economics Quiz: Business And Market Structures

10 Questions | By Snavelyed | Last updated: Sep 30, 2020 | Total Attempts: 670

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Given the type of business or industry below, identify what kind of market structure it belongs to.

Questions and Answers

1.

Airlines in the United States:
- A.
  
  Perfect Competition
- B.
  
  Monopolistic Competition
- C.
  
  Oligopoly
- D.
  
  Monopoly
2.

Fruit markets:
- A.
  
  Perfect Competition
- B.
  
  Monopolistic Competition
- C.
  
  Oligopoly
- D.
  
  Monopoly
3.

Electricity:
- A.
  
  Perfect Competition
- B.
  
  Monopolistic Competition
- C.
  
  Oligopoly
- D.
  
  Monopoly
4.

The movie industry:
- A.
  
  Perfect Competition
- B.
  
  Monopolistic Competition
- C.
  
  Oligopoly
- D.
  
  Monopoly
5.

The soda industry:
- A.
  
  Perfect Competition
- B.
  
  Monopolistic Competition
- C.
  
  Oligopoly
- D.
  
  Monopoly
6.

Books:
- A.
  
  Perfect Competition
- B.
  
  Monopolistic Competition
- C.
  
  Oligopoly
- D.
  
  Monopoly
7.

Fish market:
- A.
  
  Perfect Competition
- B.
  
  Monopolistic Competition
- C.
  
  Oligopoly
- D.
  
  Monopoly
8.

Schools:
- A.
  
  Perfect Competition
- B.
  
  Monopolistic Competition
- C.
  
  Oligopoly
- D.
  
  Monopoly
9.

Monsanto Seeds:
- A.
  
  Perfect Competition
- B.
  
  Monopolistic Competition
- C.
  
  Oligopoly
- D.
  
  Monopoly
10.

Water supply:
- A.
  
  Perfect Competition
- B.
  
  Monopolistic Competition
- C.
  
  Oligopoly
- D.
  
  Monopoly

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