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3 marksMarket Structures

CSEC Economics · May/June 2012 · Paper 2 · Question 2(b)

List THREE characteristics of an oligopolistic market structure.

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Other parts of this question

  1. 2(a)Define the term 'cartel'.[2 marks]
  2. 2(c)A computer store has reduced its price of computers. Using TWO separate diagrams, one for computers and the other for printers (related products), explain the…[6 marks]
  3. 2(d)Explain TWO problems that can arise from a firm being the only producer in the market.[4 marks]

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