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Market structures

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Question 2

In which of the following market situations is a firm most likely to achieve both productive and allocative efficiency simultaneously?

A

A perfectly competitive firm in its long-run equilibrium

B

A monopolistically competitive firm in its long-run equilibrium

C

A natural monopoly regulated under average-cost pricing

D

A profit-maximising pure monopoly

Markscheme

Market structures Questions

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

42 exam-style questions on OCR A Level Economics Market structures, covering Perfect competition, Monopoly, Monopolistic competition, Oligopoly, and Contestable markets. Each one has a worked solution and a mark scheme showing where the marks go.

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