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2.5 Competition

2.5 Competition

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Question 3

Why do producers compete?

[1]
A

To attract customers and increase sales

B

To remove all consumer choice

C

To ensure every firm charges the same price

D

To prevent new products being developed

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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