Pure Monopoly: Definition, Characteristics & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A market structure where one company is the single source for a product is called a __________.

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1. Which is NOT an example of a legal monopoly in the United States?

2. A type of legal monopoly granted by the government to inventors is called a __________.

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About This Quiz & Worksheet

Monopoly is more than just a board game. It is a serious business concept affecting fairness and competition. This quiz and worksheet combo gauges your knowledge of pure monopolies and their characteristics. You will be quizzed on examples of monopolies and ways monopolies form.

Quiz & Worksheet Goals

In these assessments, you will be tested over:

  • Examples of a legal monopoly
  • Laws relating to monopolies
  • Characteristics of a pure monopoly

Skills Practiced

This quiz and worksheet combo can help you practice the following skills:

  • Information recall - access the knowledge you have gained regarding examples of legal monopolies
  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Interpreting information - verify that you can read information regarding characteristics of pure monopolies and interpret it correctly

Additional Learning

To learn more about monopolies and their characteristics, review the accompanying lesson titled Pure Monopoly: Definition, Characteristics & Examples. This lesson will help you:

  • Define pure monopoly
  • Find examples of a pure monopoly
  • Describe the purpose and benefits of a patent
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