12th Grade Monopoly Market Quizzes, Questions & Answers

Spark curiosity and test your child’s 12th grade Monopoly Market knowledge with our engaging quizzes! Read more

Monopoly Market Quizzes By Grade

Top Trending Monopoly Market Quizzes

Economics is a social science that explores the dynamics of a market involving consumers and the consumption of goods and services. Take the quiz below to learn about monopoly of markets and perfect competition.

Questions: 39 | Attempts: 813 | Last updated: Mar 19, 2025

Sample Question 1
Assume the market for organic produce sold at farmers markets is perfectly competitive. All else equal,as equilibrium price of the produce and sell organic produce at farmers' markets, what is likely to happen to the equilibrium price of the produce and profits of the organic farmers in the long run?

The equilibrium price is likely to increase and profits are likely to remain unchanged.

The equilibrium price is likely to decrease and profits are likely to decrease.

The equilibrium price is likely to remain unchanged and profits are likely to increase.

The equilibrium price is likely to increase and profits are likely to increase.

Sample Question 2
Which of the following is a characteristic of a monopoly?

The product is not unique

There is only one seller in the market

It is easy for new firms to enter the market

The firm has no control over price

A Monopoly In Microeconomics Knowledge Quiz!

This is a knowledge quiz about monopoly in microeconomics. You might only know about the word “monopoly” from the popular boardgame which is famous for making families and friends question their loyalty to one...

Questions: 38 | Attempts: 1064 | Last updated: Jan 15, 2025

Sample Question 1
A monopolist is:

One of a large number of small firms that produce a homogeneous good

One of a small number of large firms that produce a differentiated good

A single seller of a product with many close substitutes

One of a small number of large firms that produce a homogeneous good

A single seller of a product with no close substitutes

Sample Question 2
Which of the following is true of monopoly?

There are no barriers to entry.

The firm is a price taker.

There are no close substitutes for the product being produced.

There are many firms in the industry.

The firm faces a horizontal demand curve.