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Perfect competition

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Question 1

Which combination of economic efficiencies is achieved by a firm operating in a perfectly competitive market in the long-run equilibrium?

A

Allocative and productive efficiency only

B

Allocative, productive, and X-efficiency only

C

Allocative, productive, and dynamic efficiency only

D

Productive, dynamic, and X-efficiency only

Markscheme

Perfect competition Questions

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

6 exam-style questions on OCR A Level Economics Perfect competition. Each one has a worked solution and a mark scheme showing where the marks go.

Question bank