Econ
Economic Market Structure Quiz
Test your knowledge of economic market structures with our engaging quiz! Whether you're a student, teacher, or just someone interested in economics, this quiz will challenge your understanding of various market types and pricing strategies.
Explore topics such as:
- Monopoly vs. Perfect Competition
- Price Discrimination
- Brand Loyalty Strategies
- Market Structures in Real Life
The market strucute with most control over price is
Monopoly
Perfect competition
Monopolistic competition
Oligopoly
Firms utilize advetizing and marginal product differential to build brand loyalty in the market structure of
Monopoly
Perfect competition
Monopolistic competion
Oligopoly
A frequent flyer reward system is an example
First degree price discrimination
Second degree discrimination
Third degree price discrimination
A plumber is an example of which market structure
Perfect competition
Monopoly
Oligopoly
Monopolistic competition
The disadvantages of a monopoly are:
All options are correct
Dead weight loss for the company and the the lawyer
Inefficient use of resources
High levels of competition possible.
In the past, in California car washes would advertise a ladies day: on one day during the week, a woman could have her car washed for a price lower than what a man would pay.
First degree price discrimination
Second degree price discrimination
Thrid degree price discrimination
The integration of the following companies: Facebook Instagram companies
Horiziontal merger
Non horizontal or vertical mergers
Both horizontal and vertical mergers.
Starbucks is an example of which market structure?
Monopolistic competition
Perfect competition
Monopoly
Oligopoly
A reduction in government control over prices and firm entry in previously regulated market is
Deregulation
Regulations
Antitrust laws
Batterirs to entry
Pacific gas & electric is an example of which market structure
Minopoly
Oligopoly
Monopolistic competion
Perfect competition
This is a market structure that has the most sellers and buyers and both are well informed about the price.
Monopoly
Perfect competition
Monopolistic competition
Oligologly.
Nintendo is an example of which market structure
Oligopoly
Monopoly
Monopolistic competition
Perfect competition
Consumers purchasing airline tickets at the last minute will pay a lot more for tickets than consumers who bought tickets than consumer who bought tickets several months in advance is called
1st degree price discrimination
2nd degree price discrimination
3rd degree price discrimination
Each of the following is a basic federal antitrust law in the United states except
The fair labor standards act of 1938
The clayton act of 1914
The sherman act of 1890
The federal trade comission act of 1914
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