2 marksMarket Structures
CSEC Economics · May/June 2016 · Paper 2 · Question 6(c)
Identify TWO types of market structures OTHER THAN perfect competition.
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Practise this questionOther parts of this question
- 6(a)Define the term 'price elasticity of supply'.[2 marks]
- 6(b)List THREE characteristics of a perfectly competitive market.[3 marks]
- 6(d)Explain the difference between an 'increase in supply' and an 'increase in quantity supplied'.[4 marks]
- 6(e)Explain TWO factors that may affect the supply of a good.[4 marks]
- 6(f)Describe how the market for cigarettes can contribute to market failure.[5 marks]
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