Ask a New Market structures Question

Newest Market structures Questions

1. 5th grade A sentence using monopoly exclusive control over a service or product on the market
   1. 1 answer
   2. 11 views
2. The creation of a single European market under the European Union would(1 point)Responses prevent consumers from obtaining too
   1. 1 answer
   2. 9 views
3. Which of the following terms generally identifies a place where an economic transaction occurs?(1 point)Responses retail store
   1. 1 answer
   2. 15 views
4. 7. The creation of a single European market under the European Union would(1 point)Responses prevent competition from occurring
   1. 1 answer
   2. 11 views
5. What is market equilibrium
   1. 1 answer
   2. asked by KOKII
   3. 19 views
6. QuestionChoose the correct answer.(1 point) Prices are set by supply and demand in a economy. command market mixed
   1. 1 answer
   2. 22 views
7. In the context of the British having a monopoly on tea, what does the term "monopoly" mean?(1 point) Responses Control of a
   1. 1 answer
   2. asked by Using a number line, what whole number and rationa
   3. 32 views
8. In the context of the British having a monopoly on tea, what does the term "monopoly" mean?(1 point) Responses Control of a
   1. 1 answer
   2. asked by meme_master22160
   3. 29 views
9. In the context of the British having a monopoly on tea, what does the term "monopoly" mean?(1 point)Responses Control of a
   1. 1 answer
   2. 29 views
10. QuestionIn the context of the British having a monopoly on tea, what does the term "monopoly" mean?(1 point) Responses Control
    1. 1 answer
    2. asked by Ben
    3. 25 views
11. Read each question and choose the best answer.A firm might try to increase its market power in order to A. charge higher prices
    1. 1 answer
    2. 22 views
12. Read each question and choose the best answer.If the three largest producers of breakfast cereal agreed to form an organization
    1. 1 answer
    2. 11 views
13. Read each question and choose the best answer.How can collusion be harmful to consumers? A. it can make consumers pay too much
    1. 1 answer
    2. 13 views
14. Read each question and choose the best answer.Why does the government regulate oligopolies? A. to keep them from acting like
    1. 1 answer
    2. 14 views
15. Read each question and choose the best answer.Which of the following is a characteristic of monopolistic competition? A. small
    1. 1 answer
    2. 12 views
16. Read each question and choose the best answer.Why do monopolists engage in price discrimination? A. They want to lower
    1. 1 answer
    2. 13 views
17. Read each question and choose the best answer.What might happen if a monopolist increased output of its product each week? A.
    1. 1 answer
    2. 18 views
18. Read each question and choose the best answer.Why does the government usually regulate natural monopolies? A. to ensure that
    1. 1 answer
    2. 16 views
19. trust, oil and monopolies cause and effects
    1. 1 answer
    2. 18 views
20. n what type of structure can businesses "collude" or work together to set prices?Group of answer choices Oligopoly Monopoly
    1. 1 answer
    2. 11 views
21. Which scenario is an example of a monopoly?Group of answer choices A dry cleaner specializes in envoronmentally friendly
    1. 1 answer
    2. 9 views
22. If Mark Farmer expresses a desire to sell his corn at a local farmer's market, he must be aware that the product is standardized
    1. 1 answer
    2. 14 views
23. In this kind of market, firms produce goods that are very close substitutes.Group of answer choices Perfect Competition
    1. 1 answer
    2. 23 views
24. Start-up costs and technology are considered this. These make it very difficult for others to enter the market structure.Group
    1. 1 answer
    2. 11 views
25. Which of the following is the least competitive market structure?Group of answer choices oligopoly perfect competition
    1. 1 answer
    2. 19 views
26. Each of the following is a condition necessary for the existence of perfect competition EXCEPT:Group of answer choices buyers
    1. 1 answer
    2. 14 views
27. ________ competition is a market where sellers and buyers are so large (identical products), that no seller can control price.Gr
    1. 1 answer
    2. 14 views
28. Which of the following describes a situation in which a single company dominates an entire industry?Group of answer choices
    1. 1 answer
    2. 14 views
29. In which of the following market structures would a consumer find the greatest number of businesses selling identical products?G
    1. 1 answer
    2. 15 views
30. An economist would most likely define a PRICE TAKER as a business thatGroup of answer choices accepts the market price, and
    1. 1 answer
    2. 16 views
31. An oligopoly is best described as a market structure in whichGroup of answer choices companies obtain government funding to
    1. 1 answer
    2. 20 views
32. Why does no one firm dominate the market in a perfect competition?Group of answer choices Each firm produces so little of the
    1. 1 answer
    2. 24 views
33. Which market structure is BEST indicated by the soda market?Group of answer choices Natural Monopoly Oligopoly Monopoly Pure
    1. 1 answer
    2. 19 views
34. In what type of structure can businesses "collude" or work together to set prices?Group of answer choices Oligopoly Monopoly
    1. 1 answer
    2. 14 views
35. Choose all of the markets below that are considered perfect competition.Group of answer choices Shampoo Cell Phone Service
    1. 1 answer
    2. 10 views
36. Choose all of the markets below that are considered oligopolies.Group of answer choices Hair Salons American Automobiles
    1. 1 answer
    2. 11 views
37. Amtrak, the Local Elelctric Company, and the NFL are all what type of market structure?Group of answer choices Oligopoly
    1. 1 answer
    2. 18 views
38. Which of the following terms generally identifies a place where an economic transaction occurs?(1 point)Responses market market
    1. 1 answer
    2. asked by need help 100%
    3. 19 views
39. In the United States, most of the goods and services we purchase are produced by companies in the portion of the economy that is
    1. 1 answer
    2. asked by nuh uhhhhhhhh
    3. 22 views
40. Which is true of how the market sets prices?Responses Prices are set by the expected sales. Prices are set by the expected
    1. 1 answer
    2. 18 views
41. Read each question and choose the best answer.In a free market system, the concept of consumer sovereignty means that A.
    1. 1 answer
    2. 14 views
42. Controlling every aspect of a region's business to eliminate competition* 2 points Corporation Monopoly Boardwalk Aquisition
    1. 1 answer
    2. 13 views
43. The highest degree of product differentiation is found in which of the following type of market structure?(1 point)Responses
    1. 1 answer
    2. 29 views
44. Match the definition with the type of market structure.Drag each item to the correct location. (2 points) Put responses in the
    1. 1 answer
    2. 23 views
45. What is predatory pricing?the selling a product below cost to drive competitors out of the market an illegal grouping of
    1. 1 answer
    2. 13 views
46. For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to?uncompeti
    1. 1 answer
    2. 16 views
47. What are the three practices of oligopolies that concern the government the most?cartels, differentiation, and price leadership
    1. 1 answer
    2. 13 views
48. Which economic practice helps motivate companies to keep prices low and improve product quality?
    1. 1 answer
    2. asked by Queen_Red
    3. 25 views
49. Josiah owns and operates the only pet supply store in his town. There are no other places to buy pet food for over 200 miles and
    1. 1 answer
    2. 24 views
50. What was the limited orders?
    1. 1 answer
    2. 13 views
51. Josiah owns and operates the only pet supply store in his town. There are no other places to buy pet food for over 200 miles and
    1. 1 answer
    2. 15 views
52. For a perfectly competitive firm, __________.MR = FC / Q marginal revenue is equal to approximately 50% of the market price of
    1. 1 answer
    2. asked by Dontillia
    3. 22 views
53. Which of the following assumptions is important in studying production in a perfectly competitive market?In the long run, all
    1. 1 answer
    2. asked by Dontillia
    3. 21 views
54. Which of the following is a limiting assumption of the model of perfect competition?Each firm is a pure price taker. Each firm
    1. 1 answer
    2. asked by Dontillia
    3. 19 views
55. Which of the following is a limiting assumption of the model of perfect competition?There is significant brand loyalty amongst
    1. 1 answer
    2. asked by Dontillia
    3. 16 views
56. Which of the following is one of the four competitive market structures?Economic trading Partial competition Monopoly Oligarchy
    1. 1 answer
    2. asked by Dontillia
    3. 10 views
57. Which of the following is a characteristic of an industry that is classified as a monopolistic competition?The product sold
    1. 1 answer
    2. asked by Dontillia
    3. 18 views
58. Which of the following industries is a real-world example of oligopolies?Commercial airlines Fast-food restaurants in a large
    1. 1 answer
    2. asked by Dontillia
    3. 13 views
59. Which of the following terms represents a market that has more than one firm?Monopolist firm A firm that possesses a legal
    1. 1 answer
    2. asked by Dontillia
    3. 23 views
60. Which of the following industries is a real-world example of monopolies?Commercial airline Agricultural vendor Fitness center in
    1. 1 answer
    2. asked by Dontillia
    3. 16 views
61. Which of the following is a characteristic of a monopolistic competition?Firms have no market power. There are relatively low
    1. 1 answer
    2. asked by Dontillia
    3. 15 views
62. Which of the following is a characteristic of a monopoly?Monopoly is not a market structure that is frequently observed in the
    1. 1 answer
    2. asked by Dontillia
    3. 31 views
63. Which of the following terms represents a market that has more than one firm?A firm that possesses a legal monopoly A firm that
    1. 1 answer
    2. asked by Dontillia
    3. 24 views
64. Which of the following is a characteristic of an oligopoly?Firms have no market power. A small number of firms control the
    1. 1 answer
    2. asked by Dontillia
    3. 24 views
65. Which of the following is a characteristic of a monopoly?Similar firms compete with each other to gain the most consumers. Cost
    1. 1 answer
    2. asked by Dontillia
    3. 33 views
66. Which of the following industries is a real-world example of oligopolies?The automotive industry Fast-food restaurants in a
    1. 1 answer
    2. asked by Dontillia
    3. 12 views
67. _________is/are the closest real-world example of a perfectly competitive industry.
    1. 1 answer
    2. asked by Dontillia
    3. 12 views
68. Which of the following is a characteristic of an industry that is classified as a monopolistic competition?There are no profits
    1. 1 answer
    2. asked by Dontillia
    3. 22 views
69. A cartel maximizes combined economic profits. Which of the following is true?Each company has an incentive to cheat by reducing
    1. 1 answer
    2. asked by Dontillia
    3. 17 views
70. Which one is an obstacle to collusion among oligopolists?A large number of companies. A small number of companies. Booming
    1. 1 answer
    2. asked by Dontillia
    3. 12 views
71. A low concentration occurs when ________________________________________.There are a few firms making a little of the output for
    1. 1 answer
    2. asked by Dontillia
    3. 22 views
72. Persons in a market who have no influence on the market price are called _________________.Price searchers. Price makers. Price
    1. 1 answer
    2. asked by Dontillia
    3. 18 views
73. Which two of the following best describe the markets in the U.S.?Monopolistic competition and oligopoly. Monopoly and oligopoly.
    1. 1 answer
    2. asked by Dontillia
    3. 17 views
74. Why do cartels often dissolve?Firms in a cartel face different costs than firms outside a cartel. Their members often find that
    1. 1 answer
    2. asked by Dontillia
    3. 14 views
75. When competing with rivals, oligopolists employ which of the following?Collusion because it legally increases market share.
    1. 1 answer
    2. asked by Dontillia
    3. 20 views
76. In the United States, public policies towards natural monopoly consists of which of the following?No regulation of any monopoly.
    1. 1 answer
    2. asked by Dontillia
    3. 23 views
77. The four basic market models include which of the following?Monopolistic competition Perfect competition Oligopoly All of the
    1. 1 answer
    2. asked by Dontillia
    3. 23 views
78. ________________________ characteristics are: 1) a small number of firms that dominate the market; 2) products can be homogenous
    1. 1 answer
    2. asked by Dontillia
    3. 23 views
79. Which of the following industries is an example of an oligopoly in the United States economy?Airlines Locally owned restaurants
    1. 1 answer
    2. asked by Dontillia
    3. 13 views
80. What is a market that is characterized by many firms producing similar but differentiated products?Monopsony Monopolistic
    1. 1 answer
    2. asked by Dontillia
    3. 21 views
81. A monopoly supplier of music downloads sells to two distinct types of consumer, with the followingmonthly demand functions: type
    1. 1 answer
    2. 26 views
82. Does Oil, Trusts, and Monopolies have a cause-and-effect relationship?
    1. 1 answer
    2. 32 views
83. he highest degree of product differentiation is found in which of the following type of market structure? (1 point)Responses
    1. 1 answer
    2. asked by lol
    3. 26 views
84. Match the definition with the type of market structure. (16 points)Put responses in the correct input to answer the question.
    1. 1 answer
    2. asked by lol
    3. 18 views
85. Which of the follow is generally true of a competitive free market economy? (1 point)Responses it can run itself without the
    1. 1 answer
    2. asked by lol
    3. 27 views
86. A government official proposes taxing producers of plastic grocery bags at 10 cents per plastic bag. What effect would the tax
    1. 1 answer
    2. asked by lol
    3. 18 views
87. A successful cruise ship manufacturer begins buying all of the businesses that supply the materials and technology involved in
    1. 1 answer
    2. asked by lol
    3. 21 views
88. Which of the following markets most likely features monopolistic competition?(1 point)Responses A market for oil with three
    1. 1 answer
    2. asked by lol
    3. 18 views
89. A good example of a monopoly is--* 0 points a. Ford Motor Company branching out into the production and sale of home appliances
    1. 1 answer
    2. 12 views
90. Which of these would most likely happen under a free market?1.government regulators set maximum prices 2.political influence
    1. 1 answer
    2. asked by Queen_Red
    3. 23 views
91. What are monopoly, monopolistic, duopoly and oligopoly
    1. 1 answer
    2. 19 views
92. no bullet pointsIn one to two sentences, identify one way monopolistic competition and monopoly market structures are the same
    1. 1 answer
    2. asked by SS
    3. 21 views
93. The highest degree of product differentiation is found in which of the following type of market structure?(1 point)Responses
    1. 1 answer
    2. asked by SS
    3. 31 views
94. A market with significant barriers to entry and a small number of price-setting firms.A market with no barriers to entry and a
    1. 1 answer
    2. asked by SS
    3. 26 views
95. what happen to free martket
    1. 1 answer
    2. 19 views
96. If, at the current price, there is a shortage of a good,Group of answer choices sellers are producing more than buyers wish to
    1. 1 answer
    2. 22 views
97. The highest degree of product differentiation is found in which of the following type of market structure?oligopoly monopolistic
    1. 1 answer
    2. 20 views
98. Match the definition with the type of market structure.Drag each item to the correct location. (2 points) Put responses in the
    1. 1 answer
    2. 24 views
99. why are monoopplys a bad thing in the economy
    1. 1 answer
    2. 17 views
100. Josiah owns and operates the only pet supply store in his town. There are no other places to buy pet food for over 200 miles and
     1. 1 answer
     2. 17 views