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2.5 Competition

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Question 14

A monopoly is a market in which

[1]
A

many small firms sell identical products

B

two firms have equal market shares

C

one producer supplies the market

D

workers determine prices

Markscheme

2.5 Competition Questions

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

62 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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