Econ 101 - Microeconomics » Fall 2022 » Market Structures Quiz

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Question #1
Review the following information regarding the market structure for cell phone operating systems. <span style="color: #000000; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 13px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-in Given this information, what is the market structure for cell phone operating systems?
A.   Monopolistic Competititon
B.   Oligopoly
C.   Perfect Competition
D.   Monopoly
Question #2
Watch the following video. https://youtu.be/n7I_1X1MgLI Why fast food chains are offering combo deals in 2016 Which market structure does the video illustrate?
A.   Monopolistic Competition
B.   Monopoly
C.   Oligopoly
D.   Perfect Competition
Question #3
https://www.youtube.com/watch?v=6XldhBT-q8E After watching the video, determine which of the following market structures is illustrated in the video.
A.   Perfect Competition
B.   Monopolistic Competition
C.   Monopoly
D.   Oligopoly
Question #4
According to the Comptroller of the Currency, the National Currency Act created a system where the U.S. Bureau of Engraving is the only entity that may legally print U.S. currency.  This is an example of which market structure?
A.   Monopoly
B.   Perfect Competition
C.   Oligopoly
D.   Monopolistic Competition
Question #5
Which of the following market structures does the market for social media exhibit, according to the following information? Leading social media websites in the United States in May 2016, based on share of visits The statistic shows the market share of the most popular social media sites in the United States in May 2016, based on market share of visits. Twitter was ranked fourth with 4.9 percent of all U.S. social media site visits. Market leader Facebook accounted for 43.2 percent of all social media site visits.
A.   Perfect Competition
B.   Monopolistic Competititon
C.   Monopoly
D.   Oligopoly

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