11th Grade Perfect Competition Quizzes, Questions & Answers

Spark curiosity and test your child’s 11th grade Perfect Competition knowledge with our engaging quizzes! Read more

Perfect Competition Quizzes By Grade

Top Trending Perfect Competition Quizzes

Explore key concepts of pure competition with this focused quiz. Covering characteristics, revenue calculations, and price strategies, it enhances understanding of competitive markets, essential for students of economics.

Questions: 27 | Attempts: 748 | Last updated: Mar 22, 2025

Sample Question 1
Which of the following is not a characteristic of pure competition?

Price strategies by firms.

A standardized product.

No barriers to entry.

A larger number of sellers.

Sample Question 2
In answering the question, assume a graph in which dollars are measured on the vertical axis and output on the horizontal axis.Refer to the information. For a purely competitive firm, total revenue graphs as a:

Straight, upsloping line.

Straight line, parallel to the vertical axis.

Straight line, parallel to the horizontal axis.

Straight, downsloping line.

Sample Question 3
A purely competitive seller is:

Both a "price maker" and a "price taker."

Neither a "price maker" nor a "price taker."

A "price taker."

A "price maker."