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Market Power in Economics: Definition, Sources & Examples

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question 1 of 3

Firms with market power are referred to as

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1. What is market power?

2. The four main types of market structures are

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About This Quiz & Worksheet

Utilize this quiz and worksheet to learn about market power in economics. Be able to define market power and understand firms with market power, among other topics of study.

Quiz & Worksheet Goals

Follow along with these assessments in order to:

  • Identify the four main types of market structure
  • Be able to tell which structure would possess companies with market power
  • Name some examples of companies with market power

Skills Practiced

The quiz and worksheet will help you to:

  • Interpreting information - verify that you can read information regarding market structure and interpret it correctly
  • Information recall - access the knowledge you've gained regarding market power
  • Knowledge application - use your knowledge to answer questions about market power in economics

Additional Learning

If you want to know more about market power in economics, read this lesson named Market Power in Economics: Definition, Sources & Examples. The lesson will teach you the following objectives:

  • Analyze market power and market structures
  • Be able to understand monopoly and competition
  • Identify oligopoly and what it means to competition
  • Recognize who has market power
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