Quiz Show

Check your IQ

TRUE or FALSE?TRUE or FALSE?

Monopoly refers to a single firm dominating the market without any close substitutes

Monopoly refers to a firm selling products that have no close substitutes , the reason for which may be exclusive patent rights, access to resources, government licenses etc.

and the firm becomes the price maker.

True

Macro economics

Inflation

Great depression

Unemployment

PPP

Social problem

Purchasing power parity

Business cycle

Price rise

1931

Match the respective ones

Macro economics

Inflation

Great depression

Unemployment

PPP

Business cycle

Price rise

1931

Social problem

Purchasing power parity

Match the respective ones

Which of the following are true about a perfectly competitive market?

It is important that you understand the characteristics of a market before venturing

1. Large number of sellers in the market

2. The product is totally undifferentiated

3. The sellers are price makers4. Entry and exit into the market is

quite difficult

Which of the following are true about a perfectly competitive market?

It is important that you understand the characteristics of a market before venturing

1. Large number of sellers in the market

2. The product is totally undifferentiated

TRUE or FALSE?TRUE or FALSE?

The automobile industry is an example of oligopoly market

Oligopoly market is one where there are few sellers vying for the same market audience

True

Geographical segmentation

Demographic segmentation

Behavioral segmentation

Psychographic

Benefit segmentation

Product value

Lifestyle and personality

Regions

Age

Match the market segments

Attitude and response

Geographical segmentation

Demographic segmentation

Behavioral segmentation

Psychographic

Benefit segmentation

Region

Age

Attitude and response

Match the market segments

Lifestyle and personality

Product value