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Unit 6 Test Review

Quiz by Maggie Maine

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Q 1/8
Score 0
An industry with significant barriers to entry and a single supplier
30
Oligopoly
Monopoly
Perfect competition
Monopolistic

8 questions

Q.An industry with significant barriers to entry and a single supplier
1
30 sec
Q.A highly concentrated market with just a few interdependent firms
2
30 sec
Q.A highly competitive market with slightly differentiated products.
3
30 sec
Q.A highly competitive market where firms are price takers
4
30 sec
Q.Which of the following is the most competitive market structure?
5
30 sec
Q.Which of the following is the least competitive market structure?
6
30 sec
Q.Which of the following is NOT a characteristic of monopolistic competition?
7
30 sec
Q.In which form of market structure would price be the key factor when competing?
8
30 sec

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