Quelpr
12 marksMarket Structure

CAPE Economics Unit 1 · 2009 · Paper 2 · Question 3(b)(ii)

Compare the conduct and performance of the monopolistic and the perfectly competitive market structure in terms of output, price and profit in the short and long run.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 3(a)(i)Define the term 'market structure'.[2 marks]
  2. 3(a)(ii)Identify four types of market structures.[4 marks]
  3. 3(a)(iii)Outline four characteristics of the most efficient type of market structure.[16 marks]
  4. 3(b)(i)Compare the characteristics of the monopolistic market structure with those of the perfectly competitive market structure.[16 marks]

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