2 marksMarket Structures
CSEC Economics · May/June 2010 · Paper 2 · Question 5(a)
Define the term 'market structure'.
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Practise this questionOther parts of this question
- 5(b)List TWO consequences of a market failure.[2 marks]
- 5(c)State THREE characteristic features of a monopoly.[3 marks]
- 5(d)(i)Discuss TWO factors that would affect the elasticity of demand for wheat.[4 marks]
- 5(d)(ii)With the aid of a diagram, identify TWO possible effects of a shift to the left of an original supply curve, with the demand curve remaining the same.[4 marks]
- 5(e)Explain TWO consequences of having a cartel in the energy sector.[5 marks]
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