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1.5 Perfect competition, imperfectly competitive markets and monopoly

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Question 11

Which one of the following features is most commonly used by economists to distinguish between different market structures?

The average duration of a firm's business life cycle

The height of barriers to entry and exit in the industry

The geographic location of the firms' headquarters

The proportion of profits distributed as dividends to shareholders

1.5 Perfect competition, imperfectly competitive markets and monopoly Questions

  1. A Level
  2. /Economics
  3. /1.5 Perfect competition, imperfectly competitive markets and monopoly