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Froggy Jumps
Froggy Jumps

Evaluation Applied Economic CO

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Evaluation Applied Economic CO

Froggy Jumps

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About this activity

Applied eco post-test market structure

Created by

Josh Borbs
Josh Borbs
Philippines

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Evaluation Applied Economic CO
 

Froggy Jumps

Evaluation Applied Economic COOnline version

Applied eco post-test market structure

by Josh Borbs
1

What is the difference between perfect competition and monopolistic competition?

2

The market type known as perfect competition is __________?

3

Which of the following market types has all firms selling products so identical that buyers do not care from which firm they buy?

4

Perfect competition is characterized by all of the following EXCEPT

5

Which of the following is the best example of a perfectly competitive market?

6

Which of the following market types has the fewest number of firms?

7

Which of the following market types has a large number of firms that sell similar but slightly different products?

8

Which of the following market types has only a few competing firms?

9

. In a perfectly competitive market, the type of decision a firm has to make is different in the short run than in the long run. Which of the following is an example of a perfectly competitive firm's short-run decision?

10

In perfect competition, a firm maximizes profit in the short run by deciding

11

In monopolistic competition, each firm supplies a small part of the market. This occurs because______.

12

In monopolistic competition, the products of different sellers are assumed to be

13

Which of the following is different about perfect competition and monopolistic competition?

14

In an industry with a large number of firms,

15

Which of the following is an example of a monopolistically competitive industry?

 
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