Quelpr
4 marksMarket Structure

CAPE Economics Unit 1 · 2011 · Paper 2 · Question 3(a)(ii)

Section II question on market structures and market failure.

Identify four types of market structures.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 3(a)(i)Explain the concept of 'market structure'.[2 marks]
  2. 3(a)(iii)List four characteristics used to distinguish among market structures.[4 marks]
  3. 3(b)(i)Compare monopoly and monopolistic competition in the short run and long run in terms of their major characteristics.[6 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]

More practice: the rest of this paper · more Market Structure questions · all CAPE Economics Unit 1 past papers