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2.5 Competition

2.5 Competition

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Question 10

What is a possible disadvantage of monopoly for consumers?

[1]
A

The producer must offer the widest possible choice

B

Prices must equal production costs

C

Competition always forces rapid innovation

D

Weak competitive pressure may result in higher prices or poorer service

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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