
Unit 3A Market Structures and Business Organizations
Quiz by JED Aldridge
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
45 questions
Show answers
- Q1A market where every firm produces the same product for about the same price.Perfect Competition30s
- Q2Factors that make it difficult for new firms to enter a marketBarriers to Entry30s
- Q3Expenses an owner has to pay before opening a new business (machines, permits, patents, fees).Start-up costs30s
- Q4A market dominated by a single seller and has any number of buyers. Complete barriers to entry.Monopoly30s
- Q5A market that runs most efficiently when one large firm provides all the the output (utility companies)Natural Monopoly30s
- Q6an exclusive right to sell a new good or service for a specific time period. A way to create technological monopolies.Patent30s
- Q7A market in which many companies sell products that are similar but not identical. This market contains Low barriers to entry and little control of prices.Monopolistic Competition30s
- Q8a market dominated by a few large firms. The market contains high barriers to entry and firms have some control over pricing.Oligopoly30s
- Q9an agreement among firms to divide the market, set prices, or limit production.Collusion30s
- Q10In a perfect competitive market there are no difference between products sold by different suppliers.Identical Products30s
- Q11Joining or leaving a MarketMarket Entry and Exit30s
- Q12A monopoly created by the governmentGovernment Monopoly30s
- Q13When a company agrees for a fee to let another person or group set up an enterprise that uses the original company's name to sell goods and services from their own location.Franchise30s
- Q14Are possible when tech companies are awarded certain patents that allow them sell a new good or provide a new service for a specific time period.Technological Monopolies30s
- Q15making a product different from similar productsProduct Differentiation30s