In recent years, many urban high streets have experienced a rapid expansion in the number of artisan bakeries and craft pastry shops, the vast majority of which are small, independent enterprises.
Evaluate, using one or more appropriate diagrams, the extent to which such small firms, operating in a monopolistically competitive market, can achieve economic efficiency.
4 exam-style questions on OCR A Level Economics Monopolistic competition. Each one has a worked solution and a mark scheme showing where the marks go.