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12 marksMarket Structure

CAPE Economics Unit 1 · 2008 · Paper 2 · Question 3(a)

Compare and contrast THREE MAIN characteristics of perfect competition and monopolistic competition.

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Other parts of this question

  1. 3(b)(i)Competitive behaviour[6 marks]
  2. 3(b)(ii)Output determination[6 marks]
  3. 3(b)(iii)Pricing behaviour[6 marks]
  4. 3(c)Evaluate the performance of a perfect market and a monopolistic market in terms of profit and efficiency.[20 marks]

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