1. Economics: Reading Quiz #3 : 10 points
1. This market structure is characterized by similar products, few producers and high barriers to entry:
A. Perfect or Pure Competition
B. Monopolistic Competition
C.  Oligopoly
D.  Monopoly
2. This market is characterized by many producers, few barriers to entry and differentiated products: 
A. Perfect or Pure Competition
B. Monopolistic Competition
C.  Oligopoly
D.  Monopoly

2. 3.  The _______ is an organization of producers established to set production and price levels for a product:  A. oligopoly B. monopoly C. cartel D. market
The enjoyment from hearing the spillover music from a neighborhood party is an example of:
A. economies of scale B. positive externality C. negative externality D. none of the above

3. 5. Streetlights in a city are an example of a: A. public good B
5.  Streetlights in a city are an example of a:  A. public good B. private good C. free-rider D. uniform good