Market Structure and Failure: True/False Quiz

Yes or No

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About this activity

Market structure and failure concepts

Created by

Ms. Blackwell

Trinidad and Tobago

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1	KP March 25, 2026	% 90	00:44
2	lopee March 25, 2026	% 90	01:21
3	jonny March 25, 2026	% 80	00:26
4	Ms. Blackwell March 25, 2026	% 80	02:13

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Market Structure and Failure: True/False QuizOnline version Market structure and failure concepts by Ms. Blackwell 1 Public goods are non-excludable and non-rivalrous, often leading to under-provision by markets. Yes No 2 A perfectly competitive market always leads to profit-maximizing firms earning abnormal profits in the long run. Yes No 3 A market with perfect competition cannot suffer from information asymmetry. Yes No 4 Public subsidies always eliminate market failure. Yes No 5 In a monopoly, increasing production always lowers average cost and improves efficiency. Yes No 6 Market failure occurs when resources are not allocated efficiently, causing deadweight loss. Yes No 7 Externalities are always fully accounted for by market prices. Yes No 8 Information asymmetry, such as adverse selection, can lead to market inefficiency. Yes No 9 In a perfectly competitive market, many buyers and sellers lead to price taking and efficient resource allocation in the absence of externalities. Yes No 10 Externalities can be positive or negative and cause market outcomes that do not reflect social costs or benefits. Yes No

Market Structure and Failure: True/False QuizOnline version

Market structure and failure concepts

by Ms. Blackwell

Public goods are non-excludable and non-rivalrous, often leading to under-provision by markets.

Yes

A perfectly competitive market always leads to profit-maximizing firms earning abnormal profits in the long run.

Yes

A market with perfect competition cannot suffer from information asymmetry.

Yes

Public subsidies always eliminate market failure.

Yes

In a monopoly, increasing production always lowers average cost and improves efficiency.

Yes

Market failure occurs when resources are not allocated efficiently, causing deadweight loss.

Yes

Externalities are always fully accounted for by market prices.

Yes

Information asymmetry, such as adverse selection, can lead to market inefficiency.

Yes

In a perfectly competitive market, many buyers and sellers lead to price taking and efficient resource allocation in the absence of externalities.

Yes

Externalities can be positive or negative and cause market outcomes that do not reflect social costs or benefits.

Yes

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

Market Structure and Failure: True/False Quiz

Yes or No

About this activity

Created by

Download the paper version to play

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Yes or No

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Yes or No

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Yes or No

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Market Structure and Failure: True/False QuizOnline version

by Ms. Blackwell

Public goods are non-excludable and non-rivalrous, often leading to under-provision by markets.

A perfectly competitive market always leads to profit-maximizing firms earning abnormal profits in the long run.

A market with perfect competition cannot suffer from information asymmetry.

Public subsidies always eliminate market failure.

In a monopoly, increasing production always lowers average cost and improves efficiency.

Market failure occurs when resources are not allocated efficiently, causing deadweight loss.

Externalities are always fully accounted for by market prices.

Information asymmetry, such as adverse selection, can lead to market inefficiency.

In a perfectly competitive market, many buyers and sellers lead to price taking and efficient resource allocation in the absence of externalities.

Externalities can be positive or negative and cause market outcomes that do not reflect social costs or benefits.

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