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2.5 Competition

2.5 Competition

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Question 5

What is a likely benefit of competition for consumers?

[1]
A

A guaranteed absence of advertising

B

Higher barriers to entry

C

Less variety in the market

D

Pressure on firms to lower prices or improve quality

Markscheme

2.5 Competition Questions

  1. GCSE
  2. /Economics
  3. /2.5 Competition

28 exam-style questions on OCR GCSE Economics 2.5 Competition, covering 2.5.1 Why producers compete, 2.5.2 How competition affects price, 2.5.3 Economic impact of competition, and 2.5.4 Monopoly and oligopoly. Each one has a worked solution and a mark scheme showing where the marks go.

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