Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
11 questions
Show answers
  • Q1
    a group of firms that collude to produce the monopoly output and sell at the monopoly price
    cartel
    30s
  • Q2
    when firms act together to reduce output and keep prices high
    collusion
    30s
  • Q3
    a product that is consumers perceive as distinctive in some way
    differentiated product
    30s
  • Q4
    an oligopoly with only two firms
    duopoly
    30s
  • Q5
    a branch of mathematics that economists use to analyze situations in which players must make decisions and then receive payoffs based on what decisions the other players make
    game theory
    30s
  • Q6
    firms and organizations that fall between the extremes of monopoly and perfect competition
    imperfectly competitive
    30s
  • Q7
    a perceived demand curve that arises when competing oligopoly firms commit to match price cuts, but not price increases
    kinked demand curve
    30s
  • Q8
    many firms competing to sell similar but differentiated products
    monopolistic competition
    30s
  • Q9
    when a few large firms have all or most of the sales in an industry
    oligoply
    30s
  • Q10
    a game in which the gains from cooperation are larger than the rewards from pursuing self-interest
    prisoner's dilemma
    30s
  • Q11
    any action that firms do to make consumers think their products are different from their competitors'
    product differentiation
    30s

Teachers give this quiz to your class