Subsection 3.8. Market structure for Economics, O Level - revisedeck

3.8. Market structure

A subsection of Economics, 2281, through 3. Microeconomic decision makers

Listing 10 of 36 questions

Which row shows an essential characteristic of competitive markets and monopoly markets?

2281_s22_qp_11

MCQ

2022

Paper 1, Variant 1

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

2281_s22_qp_12

MCQ

2022

Paper 1, Variant 2

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

2281_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?

2281_s24_qp_12

MCQ

2024

Paper 1, Variant 2

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The following table gives information about four companies. Which one of these companies is not a multi-national company?

2281_w08_qp_1

MCQ

2008

Paper 1, Variant 0

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

2281_w09_qp_1

MCQ

2009

Paper 1, Variant 0

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What is unlikely to be a feature of a large firm in a monopoly position in a market?

2281_w10_qp_11

MCQ

2010

Paper 1, Variant 1

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What is unlikely to be a feature of a large firm in a monopoly position in a market?

2281_w10_qp_12

MCQ

2010

Paper 1, Variant 2

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What is unlikely to be a feature of a large firm in a monopoly position in a market?

2281_w10_qp_13

MCQ

2010

Paper 1, Variant 3

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Machu Picchu is Peru’s most popular tourist destination. One train company, PeruRail, operates a monopoly service up to the site. Why might competition on the route increase the fares paid by passengers?

2281_w12_qp_13

MCQ

2012

Paper 1, Variant 3

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Questions Discovered

36