Competitive and non competitive markets
Authored by Hollie Labunsky
Social Studies
3rd Grade
Used 5+ times
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55 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the correct spelling
oligopolly
oligopoly
olligopoly
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a characteristic of a competitive market?
few sellers, many buyers
lots of buyers, few sellers
lots of buyers and sellers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that prevents you starting a business
barrier to entry
barrier to profit
barrier to innovate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
More firms entering a market will cause the demand curve for an individuals firm to...
shift left
shift right
neither
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do consumers benefit from competitive markets?
lots of innovative products
high prices
lots of tax
low prices
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Consumers have less choice with competitive markets
true
false
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Competitive markets encourage firms to be more efficient
true
false
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