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2.5 Competition

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Question 17

Which feature is most likely in a highly competitive market?

[1]
A

One producer controls all output

B

Firms never respond to consumers

C

Prices are fixed by workers

D

Consumers can choose between several rival producers

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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