Market Structures and Business Entities Quiz
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Questions and Answers

What type of market has only one producer and one product, making it extremely hard to enter?

  • Oligopoly
  • Perfect competition
  • Monopolistic competition
  • Monopoly (correct)
  • In a publicly traded corporation, who does the CEO answer to?

  • Silent partner
  • Shareholders
  • Limited liability/ LLC
  • The board of directors (correct)
  • Which market structure has prices determined by supply and demand?

  • Oligopoly
  • Perfect competition (correct)
  • Monopolistic competition
  • Monopoly
  • What type of investment is usually considered the riskiest among the ones studied?

    <p>Stocks</p> Signup and view all the answers

    When you use your debit card, where are you getting the money from?

    <p>Your checking account</p> Signup and view all the answers

    Which market structure grants producers the most power?

    <p>Monopoly</p> Signup and view all the answers

    What type of market structure involves many producers with identical products?

    <p>Perfect competition</p> Signup and view all the answers

    In which market structure are prices determined by supply and demand?

    <p>Perfect competition</p> Signup and view all the answers

    What type of investment is advisable for diversification and minimizing risks?

    <p>Mutual funds</p> Signup and view all the answers

    Which market structure grants producers some power but not as much as in a monopoly?

    <p>Oligopoly</p> Signup and view all the answers

    What type of market involves a parent company allowing others to use their trademark and business model?

    <p>Franchise</p> Signup and view all the answers

    Which investment option is typically considered the least risky?

    <p>Bonds</p> Signup and view all the answers

    In what market structure does a publicly traded corporation CEO answer to the board of directors?

    <p>Monopoly</p> Signup and view all the answers

    Which market structure involves a handful of producers offering similar products?

    <p>Oligopoly</p> Signup and view all the answers

    What type of investment is riskiest among the ones studied?

    <p>Stocks</p> Signup and view all the answers

    What type of market structure is characterized by one producer and one product making it hard to enter?

    <p>Monopoly</p> Signup and view all the answers

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