16 Questions
What type of market has only one producer and one product, making it extremely hard to enter?
Monopoly
In a publicly traded corporation, who does the CEO answer to?
The board of directors
Which market structure has prices determined by supply and demand?
Perfect competition
What type of investment is usually considered the riskiest among the ones studied?
Stocks
When you use your debit card, where are you getting the money from?
Your checking account
Which market structure grants producers the most power?
Monopoly
What type of market structure involves many producers with identical products?
Perfect competition
In which market structure are prices determined by supply and demand?
Perfect competition
What type of investment is advisable for diversification and minimizing risks?
Mutual funds
Which market structure grants producers some power but not as much as in a monopoly?
Oligopoly
What type of market involves a parent company allowing others to use their trademark and business model?
Franchise
Which investment option is typically considered the least risky?
Bonds
In what market structure does a publicly traded corporation CEO answer to the board of directors?
Monopoly
Which market structure involves a handful of producers offering similar products?
Oligopoly
What type of investment is riskiest among the ones studied?
Stocks
What type of market structure is characterized by one producer and one product making it hard to enter?
Monopoly
Test your knowledge on market structures, business entities, and key players in the business world. From monopolies to perfect competition, shareholders to CEOs, this quiz covers various concepts in economics and finance.
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