Monopoly Quizzes & Trivia

When a firm is the only producer of a given product or is the only one offering a given service in the market it has a lot of power over the pricing and this is called a monopoly market. What do you know about this type of...

Questions: 30  |  Attempts: 1714   |  Last updated: May 8, 2019
  • Sample Question
    Monopolists are price takers

Take our quiz to help you learn about economic policy! Read chapters 12 to 15 of Case, Fair, and Oster's 'Principlies of Economics' and answer the following questions. The aim of this quiz is to help EC1040 students...

Questions: 23  |  Attempts: 229   |  Last updated: Aug 26, 2019
  • Sample Question
    Monopoly occurs when there is a single          in the market of a certain good?

A pure monopoly is a relatively rare market structure where one company is the single source for a product and there are no close alternatives for that product available elsewhere. What do you know about how pure monopolies work?

Questions: 5  |  Attempts: 184   |  Last updated: Aug 26, 2019
  • Sample Question
    What is Pure Monopoly?

ECON 101 Exam 4

Questions: 27  |  Attempts: 139   |  Last updated: Nov 2, 2017
  • Sample Question
    A natural monopoly is a desirable market structure because: 

Hello! Welcome to the CUA inspired MONOPOLY BOARD! Every week, we will be putting a new monopoly square on Page 2 with a question it. In order to gain that space, you have to answer the question correctly in this quiz! The...

Questions: 3  |  Attempts: 38   |  Last updated: Feb 13, 2013

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Monopoly Questions & Answers

Which of the following is a characteristic of a monopoly?
There are different types of markets and sellers out there. A monopoly has a single seller. He sells good and has no alternatives. Moreover, other firms are not allowed into the selling system either to continue the monopoly, at least not easily. The
Is the supply curve for a monopolist always positively sloped?
No supply curve for monopoly.Why does my answer must have at least 10 words!!!!????
What are their barriers to entering the market? Bob and Susie are sick of the bad service on Ryanair and hate the high prices of Aerlingus. They want to start their own airline- Come fly with Bob...
Start-up costs are too highIf Bob and Susie try to start up an airline, they will have to buy numerous costly inputs such as airplanes, staff and space in airports, etc. This will mean that they will have to charge incredibly high prices in compariso