2 marksMarket Structure
CAPE Economics Unit 1 · 2017 · Paper 2 · Question 2(a)(i)
Outline ONE barrier to entry.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 2(a)(ii)Using the information in Table 2, calculate the Herfindahl-Hirschman Index (HHI).[3 marks]
- 2(b)Compare, with the aid of diagrams, the productive efficiency and economic profit of a perfectly competitive firm and a monopolistically competitive firm in the…[12 marks]
- 2(c)Discuss TWO reasons why the market for health care may fail if it was not subsidised by the government.[8 marks]
More practice: the rest of this paper · more Market Structure questions · all CAPE Economics Unit 1 past papers