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3.4 Market structures

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Question 16

The UK independent cafe and coffee shop market is an example of monopolistic competition because:

A

firms sell completely homogeneous goods

B

the market is dominated by a small number of large firms

C

there are low barriers to entry and exit

D

firms are unable to influence the price of their product

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.

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