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16 marksMarket Structure

CAPE Economics Unit 1 · 2009 · Paper 2 · Question 3(a)(iii)

Section II covers market structures and market failure.

Outline four characteristics of the most efficient type of market structure.

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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(b)(i)Compare the characteristics of the monopolistic market structure with those of the perfectly competitive market structure.[16 marks]
  4. 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…[12 marks]

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