Holt McDougal Economics Chapter 7.3: Other Market Structures Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. __________ is a marketing strategy that focuses on showing off the differences between your product or business and the competition.

Question 2 2. Which statement is true of competitive oligopoly?

Question 3 3. How many forms of competition are there within a market economy?

Question 4 4. Product differentiation in a market economy is

Question 5 5. What is the primary factor of a monopolistic competition?

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Question 6 6. What does interdependence mean?

Question 7 7. Opening a Starbucks in the lobby of a hospital is an example of product differentiation on the basis of _________.

Question 8 8. What form of competition exists when there is only one business who has complete control of the market?

Question 9 9. Which one is not a non-price method used by oligopoly markets?

Question 10 10.

Choose the best answer.

It is important to make sure that you differentiate your product __________.

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Question 11 11. Which one is not a characteristic of oligopoly?

Question 12 12. Studies conducted by Nielson Global Research show that some customers are willing to pay more for a product if the company ________.

Question 13 13. Which of the following is an example of product differentiation on the basis of physical characteristics?

Question 14 14. Which one is considered a barrier?

Question 15 15. Which form of competition relies on many, small firms carrying similar products?

Holt McDougal Economics Chapter 7.3: Other Market Structures Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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