Skip to content

Course home

Sign up

3.4 Market structures

EasyMediumHard
123456789101112131415161718192021222324252627282930
Question 10

Which one of the following will exist in the short run if a perfectly competitive firm, Velocity Bikes, makes a supernormal profit?

A

Allocative efficiency and productive efficiency

B

Allocative efficiency and productive inefficiency

C

Allocative inefficiency and productive efficiency

D

Allocative inefficiency and productive inefficiency

Markscheme

3.4 Market structures Questions

  1. A Level
  2. /Economics
  3. /3.4 Market structures

92 exam-style questions on Edexcel A A Level Economics 3.4 Market structures, covering 3.4.1 Efficiency, 3.4.2 Perfect competition, 3.4.3 Monopolistic competition, 3.4.4 Oligopoly, 3.4.5 Monopoly, 3.4.6 Monopsony, and 3.4.7 Contestability. Each one has a worked solution and a mark scheme showing where the marks go.

Question bank