Market Structures · CSEC Economics

18 past-paper questions on Market Structures, part of Section 4: Market Structure and Market Failure, from every CSEC Economics paper on Quelpr.

1. 4(c)4 marks· CSEC Economics · May/June 2007 · Paper 2Describe TWO benefits that will result in moving from a monopoly to a perfectly competitive market in the telecommunications industry.
2. 2(a)2 marks· CSEC Economics · May/June 2008 · Paper 2State TWO characteristics of a monopoly.
3. 2(b)3 marks· CSEC Economics · May/June 2008 · Paper 2List THREE disadvantages of a monopoly.
4. 1(c)6 marks· CSEC Economics · May/June 2010 · Paper 2Explain THREE benefits that consumers may derive from the introduction of new service providers in the telecommunications industry.
5. 1(d)3 marks· CSEC Economics · May/June 2010 · Paper 2Using a demand and supply diagram, ILLUSTRATE the impact on equilibrium quantity of a telephone company moving from a monopoly situation to one with other competitors in the market.
6. 1(e)1 mark· CSEC Economics · May/June 2010 · Paper 2With reference to the diagram drawn at (d) above, what impact would the movement from a monopoly situation to a competitive market have on the equilibrium price?
7. 5(a)2 marks· CSEC Economics · May/June 2010 · Paper 2Define the term 'market structure'.
8. 5(c)3 marks· CSEC Economics · May/June 2010 · Paper 2State THREE characteristic features of a monopoly.
9. 5(e)5 marks· CSEC Economics · May/June 2010 · Paper 2Explain TWO consequences of having a cartel in the energy sector.
10. 2(a)2 marks· CSEC Economics · May/June 2012 · Paper 2Define the term 'cartel'.
11. 2(b)3 marks· CSEC Economics · May/June 2012 · Paper 2List THREE characteristics of an oligopolistic market structure.
12. 2(d)4 marks· CSEC Economics · May/June 2012 · Paper 2Explain TWO problems that can arise from a firm being the only producer in the market.
13. 2(a)2 marks· CSEC Economics · May/June 2013 · Paper 2Define 'market structure'.
14. 2(b)3 marks· CSEC Economics · May/June 2013 · Paper 2List THREE types of market structures.
15. 2(d)4 marks· CSEC Economics · May/June 2013 · Paper 2Explain the market structure associated with cellular phone manufacturers using THREE characteristics.
16. 5(b)3 marks· CSEC Economics · May/June 2015 · Paper 2List THREE characteristics of a monopolist.
17. 6(b)3 marks· CSEC Economics · May/June 2016 · Paper 2List THREE characteristics of a perfectly competitive market.
18. 6(c)2 marks· CSEC Economics · May/June 2016 · Paper 2Identify TWO types of market structures OTHER THAN perfect competition.