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6 marksMarket Structure

CAPE Economics Unit 1 · 2011 · Paper 2 · Question 3(b)(i)

Compare monopoly and monopolistic competition in the short run and long run in terms of their major characteristics.

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Other parts of this question

  1. 3(a)(i)Explain the concept of 'market structure'.[2 marks]
  2. 3(a)(ii)Identify four types of market structures.[4 marks]
  3. 3(a)(iii)List four characteristics used to distinguish among market structures.[4 marks]
  4. 3(b)(ii)Compare monopoly and monopolistic competition in the short run and long run in terms of conduct.[3 marks]
  5. 3(b)(ii)Compare monopoly and monopolistic competition in the short run and long run in terms of profitability.[3 marks]
  6. 3(b)(iv)Compare monopoly and monopolistic competition in the short run and long run in terms of resource-use efficiency.[3 marks]

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