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2 marksMarket Structure

CAPE Economics Unit 1 · 2006 · Paper 1 · Question 6(c)

In which market structure are there price leaders and price followers?

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Other parts of this question

  1. 6(a)Define the term 'market structure'.[2 marks]
  2. 6(b)In a market there are many firms producing identical goods. Explain whether this is a case of monopolistic competition or perfect competition.[2 marks]

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