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Monopolistic competition

Which market structure has many firms, low entry/exit barriers and differentiated products?

A

Monopoly.

B

Oligopoly.

C

Monopolistic competition.

D

Perfect competition.

Monopolistic competition Flashcards

  1. A Level
  2. /Economics
  3. /Monopolistic competition

Flashcards for OCR A Level Economics Monopolistic competition, covering the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03. 25 cards, matched to the OCR A Level Economics (H460) specification. Recall questions account for roughly 25% of marks at A Level Economics, so these target the marks you can secure before the paper starts.