AP Microeconomics Practice Test: Product Markets: Types, Characteristics, Pricing Strategies

Test Information

Question 4 questions

Time 5 minutes

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1. For which of the following market structures are the most substitutes available for consumers?

2. Which of the following market structures has the greatest degree of elasticity?

3. Which of the following market structures has the largest number of sellers?

4. Which of the following market structures is not a price maker?