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Mic10: Market structures, types of monopoly
By Jeffrey See
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Last updated over 6 years ago
5 questions
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Question 1
1.
Question 2
2.
Question 3
3.
Question 4
4.
Question 5
5.
Place the correct characteristic under its
market structure
.
many firms (100's-1000's)
few firms (3-12)
one firm
price taker
identical products
collusion
unique product
product differentiation
a lot of non-price competition
most control over price
Perfect Competition
Monopolistic competition
Oligopoly
Monopoly
What type of
monopoly
exists because there are no other firms within a given area?
Government monopoly
Technological monopoly
Geographic monopoly
Natural monopoly
What type of
monopoly
has control over a production method, process, or other scientific advance such as a patent or copyright.
Geographic monopoly
Government monopoly
Technological monopoly
Natural monopoly
What type of
monopoly
can supply a good or service to an entire market at a lower cost than could two or more firms?
Natural monopoly
Geographic monopoly
Technological monopoly
Government monopoly
What type of
monopoly
is owned and operated by the government?
Government monopoly
Geographic monopoly
Technological monopoly
Natural monopoly