2 marksMarket Structures
CSEC Economics · May/June 2008 · Paper 2 · Question 2(a)
State TWO characteristics of a monopoly.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 2(b)List THREE disadvantages of a monopoly.[3 marks]
- 2(c)Externalities can be positive or negative. Using an example, outline the difference between a positive and a negative externality.[4 marks]
- 2(d)Market failure may have several consequences on an economy. Discuss THREE of those consequences.[6 marks]
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