Subsection 3.8. Market structure for Economics, IGCSE - revisedeck

3.8. Market structure

A subsection of Economics, 0455, through 3. Microeconomic decision makers

Listing 10 of 57 questions

A monopoly takes over an industry from competitive firms. What is not likely to be true about a monopoly compared with a competitive firm?

0455_s17_qp_13

MCQ

2017

Paper 1, Variant 3

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What is a characteristic of a perfectly competitive firm?

0455_s18_qp_12

MCQ

2018

Paper 1, Variant 2

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What is a characteristic of perfect competition?

0455_s18_qp_13

MCQ

2018

Paper 1, Variant 3

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Why is the energy supply industry dominated by very large firms in many economies?

0455_s19_qp_11

MCQ

2019

Paper 1, Variant 1

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Which market is likely to be the most competitive?

0455_s21_qp_11

MCQ

2021

Paper 1, Variant 1

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What could cause profits to be high in a monopoly market?

0455_s22_qp_12

MCQ

2022

Paper 1, Variant 2

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What is an outcome of a competitive market?

0455_s22_qp_13

MCQ

2022

Paper 1, Variant 3

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What is likely to happen if a previously competitive market becomes a monopoly?

0455_s24_qp_11

MCQ

2024

Paper 1, Variant 1

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What are the features of a highly competitive market when compared with a monopoly market?

0455_s24_qp_12

MCQ

2024

Paper 1, Variant 2

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Prices tend to be lower in a competitive industry than in a monopoly. Why is this?

0455_w09_qp_1

MCQ

2009

Paper 1, Variant 0

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Questions Discovered

57